IAS 39 Financial Instruments: Recognition and Measurement

IAS 39 is the international accounting standard, established by the International Accounting Standards Board (IASB), which sets out the requirements for recognising and measuring financial assets and liabilities, as well…

IFRS 9

The IFRS 9 Financial Instruments are the new accounting standards introduced by the International Accounting Standards Board (IASB) in 2014, to replace the IAS 39 Financial Instruments: Recognition and Measurement,…

Indian Rupee

The Indian rupee is the official currency of the Republic of India, its ISO code is INR, and its symbol is (₹)….

Inflation

Inflation is an economic concept referring to the pace at which the prices of goods and services increase over time. A low, sustainable level of inflation is crucial for healthy economic…

Interest rate risk

An interest rate risk is the risk that an investment’s value will change due to a change, either in the total level of interest rates, or in the bid/ask spread. It…

Interest Rate Swaps

An Interest Rate Swap is an agreement to exchange the interest rates on future payments between two counterparties. Interest rate swaps are normally signed by counterparties willing to exchange a…

International Accounting Standards Board (IASB)

The International Accounting Standards Board is an independent body responsible for the development and publication of the IFRS standards as well as for defining the interpretation of those standards, following…

International bank account number (IBAN)

IBAN is the acronym for an International Bank Account Number, which is a universally recognised alphanumeric code used to identify a bank account. This system was designed to simplify international…

International transaction

An international transaction is a money transfer (often as part of a business deal) that crosses national borders, frequently involves two different currencies, and can even involve three currencies if…

Invoice Batch

In corporate treasury, an invoice batch is a bundle of different invoices put together by the payer to be processed as one. This improves process efficiency, saving time and effort…

ISO 4217

ISO 4217 is the standard established in 1978 by the International Organization for Standardization which defines the rules to create the three-character codes representing the each one of the…

Key Risk Indicator (KRI)

The Key Risk Indicator is a measure or a metric used in management to analyse the degree of risk involved in the different areas of activity of an…

Knock-in (knock into) forward

A knock-in forward is a derivative that offers buyers a more attractive rate than a regular forward and includes a condition that the exchange rate must hit a defined knock-in…

Knock-in options

An FX Knock-in Option contract allows the buyer to purchase a foreign currency on a future date, and at a pre-defined rate that’s better than the regular forward rate, on…

Knock-out (Knock Into) Forward

A Knock-out Forward is a derivative financial product through which the issuer offers the buyer a more attractive rate for a specific maturity date than a regular forward on condition…