Artículo B3.3.8. IFRS 9 Paragraph B3.3.8

Despite the requirement in paragraph B3.1.2A to derecognise a financial liability on the settlement date, when settling a financial liability (or part of a financial liability) in cash using an electronic payment system, an entity is permitted to deem the financial liability (or part of it) to be discharged before the settlement date if, and only if, the entity has initiated a payment instruction that resulted in: (a) the entity having no practical ability to withdraw, stop or cancel the payment instruction; (b) the entity having no practical ability to access the cash to be used for settlement as a result of the payment instruction; and (c) the settlement risk associated with the electronic payment system being insignificant. [ Refer: Basis for Conclusions paragraphs BC3.46-BC3.54 ]