Artículo B6.5.31. IFRS 9 Paragraph B6.5.31

The accounting for the time value of options in accordance with paragraph 6.5.15 also applies to a combination of a purchased and a written option (one being a put option and one being a call option) that at the date of designation as a hedging instrument has a net nil time value (commonly referred to as a ‘zero-cost collar’). [ Refer: Basis for Conclusions paragraphs BC6.410−BC6.413 ] In that case, an entity shall recognise any changes in time value in other comprehensive income, even though the cumulative change in time value over the total period of the hedging relationship is nil. Hence, if the time value of the option relates to: (a) a transaction related hedged item, the amount of time value at the end of the hedging relationship that adjusts the hedged item or that is reclassified to profit or loss (see paragraph 6.5.15(b) ) would be nil. (b) a time-period related hedged item, the amortisation expense related to the time value is nil.