Description

Swiss GAAP FER 27 “Derivative financial instruments” stipulates that a derivative is to be recognised in the balance sheet as soon as it fulfils the definition of an asset or a liability. Derivatives for hedging purposes of balance sheet items can be valued at actual values or at the same valuation principles as the underlying hedged position. Changes in values are to be recognised in the result of the period. Derivatives without hedging purpose have to be valued at actual values. Changes in actual values are to be recognised in the result of the period.

The amount of open derivatives is to be disclosed in the notes. The disclosure is to be structured according to the underlying basic values of interest rates, foreign exchange, equity instruments and respective indices and other underlying basic values. The purpose of holding derivatives is to be disclosed.