Artículo 3.2.6. IFRS 9 Paragraph 3.2.6

When 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 ] (see paragraph 3.2.4 ), it shall evaluate the extent to which it retains the risks and rewards of ownership of the financial asset. In this case: [ Refer: paragraphs 3.2.7 and 3.2.8 ] (a) if the entity transfers substantially all the risks and rewards of ownership of the financial asset, the entity shall derecognise the financial asset and recognise separately as assets or liabilities any rights and obligations created or retained in the transfer. [ Refer: paragraphs 3.2.10⁠–⁠3.2.14 ] (b) if the entity retains substantially all the risks and rewards of ownership of the financial asset, the entity shall continue to recognise the financial asset. [ Refer: paragraph 3.2.15 ] (c) if the entity neither transfers nor retains substantially all the risks and rewards of ownership of the financial asset, the entity shall determine whether it has retained control of the financial asset. In this case: [ Refer: paragraph 3.2.9 ] (i) if the entity has not retained control, it shall derecognise the financial asset and recognise separately as assets or liabilities any rights and obligations created or retained in the transfer. [ Refer: paragraphs 3.2.10⁠–⁠3.2.14 ] (ii) if the entity has retained control, it shall continue to recognise the financial asset to the extent of its continuing involvement in the financial asset (see paragraph 3.2.16 ). [ Refer: paragraphs 3.2.16⁠–⁠3.2.21 ] [ Refer: paragraphs B3.2.1 , B3.2.4⁠–⁠B3.2.13 , B3.2.16 and B3.2.17 Basis for Conclusions paragraphs BCZ3.8⁠–⁠BCZ3.10 ]