Rebuttable Presumption
From Open Risk Manual
Definition
Rebuttable Presumption, in the context of IFRS 9 refers to certain choices made in standard that aim to govern certain classification or measurement aspects[1] in all cases except where a substantiated case can be made against
IFRS 9 Rebuttable Presumption List
- The credit risk on a financial asset has increased significantly since initial recognition when contractual payments are more than 30 days past due
- That default does not occur later than when a financial asset is 90 days past due unless an entity has reasonable and supportable information to demonstrate that a more lagging default criterion is more appropriate
- Unless inflation risk is contractually specified, it is not separately identifiable and reliably measurable and hence cannot be designated as a risk component of a financial instrument
See Also
- For the legal definition of Rebuttable Presumption see Wikipedia Entry
References
- ↑ IFRS Standard 9, Financial Instruments
