# Commission Regulation (EC) No 108/2006 of 11 January 2006 amending Regulation (EC) No 1725/2003 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards (IFRS) 1, 4, 6 and 7, International Accounting Standards (IAS) 1, 14, 17, 32, 33, and 39, International Financial Reporting Interpretations Committee's (IFRIC) Interpretation 6 (Text with EEA relevance), Appendix A: Defined terms

Extent: E+W+S+N.I.

This appendix is an integral part of the IFRS.
credit risk The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.
currency risk The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates.
interest rate risk The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates.
liquidity risk The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities.
loans payable Loans payable are financial liabilities, other than short-term trade payables on normal credit terms.
market risk The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk.
other price risk The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices (other than those arising from interest rate risk or currency risk), whether those changes are caused by factors specific to the individual financial instrument or its issuer, or factors affecting all similar financial instruments traded in the market.
past due A financial asset is past due when a counterparty has failed to make a payment when contractually due.
The following terms are defined in paragraph 11 of IAS 32 or paragraph 9 of IAS 39 and are used in the IFRS with the meaning specified in IAS 32 and IAS 39.
amortised cost of a financial asset or financial liability
available-for-sale financial assets
derecognition
derivative
effective interest method
equity instrument
fair value
financial asset
financial instrument
financial liability
financial asset or financial liability at fair value through profit or loss
financial asset or financial liability held for trading
forecast transaction
hedging instrument
held-to-maturity investments
loans and receivables
regular way purchase or sale

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Source: https://www.legislation.gov.uk/eur/2006/108/annex/appendix/A (the official version)
Page: https://openlegislation.uk/eu-regulation-2006-108/annex/appendix-A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.