Artículo 6.4.1. IFRS 9 Paragraph 6.4.1

A hedging relationship qualifies for hedge accounting only if all of the following criteria are met: (a) the hedging relationship consists only of eligible hedging instruments [ Refer: paragraphs 6.2.1−6.2.3 and B6.2.1−B6.2.4 and Basis for Conclusions paragraphs BC6.117−BC6.122 ] and eligible hedged items. [ Refer: paragraphs 6.3.1−6.3.6 and B6.3.1−B6.3.6 and Basis for Conclusions paragraphs BC6.154−BC6.168 ] (b) at the inception of the hedging relationship there is formal designation [ Refer: paragraphs 6.2.4 , 6.2.5 , 6.3.7 , B6.2.5 , B6.2.6 and B6.3.7−B6.3.25 and Basis for Conclusions paragraphs BC.6.169−BC6.229 ] and documentation of the hedging relationship and the entity’s risk management objective and strategy for undertaking the hedge. That documentation shall include identification of the hedging instrument, the hedged item, the nature of the risk being hedged and how the entity will assess whether the hedging relationship meets the hedge effectiveness requirements (including its analysis of the sources of hedge ineffectiveness and how it determines the hedge ratio ). (c) the hedging relationship meets all of the following hedge effectiveness [ Refer: paragraphs B6.4.1−B6.4.3 ] requirements: (i) there is an economic relationship between the hedged item and the hedging instrument (see paragraphs B6.4.4⁠–⁠B6.4.6 ); [ Refer: Basis for Conclusions paragraphs BC6.252−BC6.255 ] (ii) the effect of credit risk does not dominate the value changes that result from that economic relationship (see paragraphs B6.4.7⁠–⁠B6.4.8 ); [ Refer: Basis for Conclusions paragraphs BC6.252−BC6.255 ] and (iii) the hedge ratio of the hedging relationship is the same as that resulting from the quantity of the hedged item that the entity actually hedges and the quantity of the hedging instrument that the entity actually uses to hedge that quantity of hedged item. However, that designation shall not reflect an imbalance between the weightings of the hedged item and the hedging instrument that would create hedge ineffectiveness (irrespective of whether recognised or not) that could result in an accounting outcome that would be inconsistent with the purpose of hedge accounting (see paragraphs B6.4.9⁠–⁠B6.4.11 ). [ Refer: Basis for Conclusions paragraphs BC6.243−BC6.251 ]