Artículo 6.2.4. IFRS 9 Paragraph 6.2.4

A qualifying instrument must be designated in its entirety as a hedging instrument. The only exceptions permitted are: (a) separating the intrinsic value and time value of an option contract and designating as the hedging instrument only the change in intrinsic value of an option and not the change in its time value (see paragraphs 6.5.15 and B6.5.29⁠–⁠B6.5.33 ); [ Refer: Basis for Conclusions paragraphs BCE.203⁠–⁠BCE.205 and BC6.386−BC6.409 ] (b) separating the forward element and the spot element of a forward contract and designating as the hedging instrument only the change in the value of the spot element of a forward contract and not the forward element; similarly, the foreign currency basis spread may be separated and excluded from the designation of a financial instrument as the hedging instrument (see paragraphs 6.5.16 and B6.5.34⁠–⁠B6.5.39 ); [ Refer: Basis for Conclusions paragraphs BCE.206 and BC6.414−BC6.426 ] and (c) a proportion of the entire hedging instrument, such as 50 per cent of the nominal amount, may be designated as the hedging instrument in a hedging relationship. However, a hedging instrument may not be designated for a part of its change in fair value that results from only a portion of the time period during which the hedging instrument remains outstanding. [ Refer: paragraph B6.2.5 ]