Division 8 F1

Under national GAAP based on BAD, provisions for contingent losses arising from the ineffective part of portfolio hedge relationship shall be reported in row ‘ Derivatives – Hedge accounting ’ where the loss arises from the valuation of the hedging derivative, or in row ‘ Fair value changes of the hedged items in portfolio hedge of interest rate risk ’ where the loss arises from the valuation of the hedged position. Where no distinction between losses arising from the valuation of the hedging derivative and loss arising from the valuation of the hedged position is possible, all provisions for contingent losses arising from the ineffective part of the portfolio hedge relationship shall be reported in row ‘ Derivatives – Hedge accounting ’ .