doc__table__2012

| AG36 | The following flow chart illustrates the evaluation of whether and to what extent a financial asset is derecognised. Consolidate all subsidiaries (including any SPE) [Paragraph 15] Determine whether the derecognition principles below are applied to a part or all of an asset (or group of similar assets) [Paragraph 16] Have the rights to the cash flows from the asset expired? [Paragraph 17(a)] Yes Derecognise the asset No Has the entity transferred its rights to receive the cash flows from the asset? [Paragraph 18(a)] No Has the entity assumed an obligation to pay the cash flows from the asset that meets the conditions in paragraph 19? [Paragraph 18(b)] No Continue to recognise the asset Yes Has the entity transferred substantially all risks and rewards? [Paragraph 20(a)] Yes Derecognise the asset No Has the entity retained substantially all risks and rewards? [Paragraph 20(b)] Yes Continue to recognise the asset No Has the entity retained control of the asset? [Paragraph 20(c)] No Derecognise the asset Yes Continue to recognise the asset to the extent of the entity’s continuing involvement Yes

← Derecognition of a financial asset (paragraphs 15-37) · All articles · Arrangements under which an entity retains the contractual rights to receive the cash flows of a financial asset, but assumes a contractual obligation to pay the cash flows to one or more recipients (paragraph 18(b)) →

Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.