Artículo B6.5.3. IFRS 9 Paragraph B6.5.3

A hedge of a firm commitment (for example, a hedge of the change in fuel price relating to an unrecognised contractual commitment by an electric utility to purchase fuel at a fixed price) is a hedge of an exposure to a change in fair value. Accordingly, such a hedge is a fair value hedge. However, in accordance with paragraph 6.5.4 , a hedge of the foreign currency risk of a firm commitment could alternatively be accounted for as a cash flow hedge. [ Refer: Basis for Conclusions paragraphs BC6.272−BC6.277 ]