Artículo 5.4.7. IFRS 9 Paragraph 5.4.7

As a practical expedient, an entity shall apply paragraph B5.4.5 to account for a change in the basis for determining the contractual cash flows of a financial asset or financial liability that is required by interest rate benchmark reform. This practical expedient applies only to such changes and only to the extent the change is required by interest rate benchmark reform (see also paragraph 5.4.9 ). For this purpose, a change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if, and only if, both these conditions are met: (a) the change is necessary as a direct consequence of interest rate benchmark reform; and (b) the new basis for determining the contractual cash flows is economically equivalent to the previous basis (ie the basis immediately preceding the change). [ Refer: Basis for Conclusions paragraphs BC5.301⁠–⁠BC5.316 ]