Artículo 3.2.4. IFRS 9 Paragraph 3.2.4

An entity transfers a financial asset [ Refer: IAS 32 paragraph 11 (definition of a financial asset) and the last sentence of paragraph 3.2.2 ] if, and only if, it either: [ Refer: paragraph 3.2.6 ] (a) transfers the contractual rights to receive the cash flows of the financial asset, or E11 (b) retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients in an arrangement that meets the conditions in paragraph 3.2.5 . [ Refer: paragraphs B3.2.1 and B3.2.3 ]