Artículo B3.3.7. IFRS 9 Paragraph B3.3.7

In some cases, a creditor releases a debtor from its present obligation to make payments, but the debtor assumes a guarantee obligation to pay if the party assuming primary responsibility defaults. In these circumstances the debtor: (a) recognises a new financial liability based on the fair value of its obligation for the guarantee, and (b) recognises a gain or loss based on the difference between (i) any proceeds paid and (ii) the carrying amount of the original financial liability less the fair value of the new financial liability. [ Refer: paragraphs 3.3.1 and 3.3.3 ]