Fair value - UCITS IV Provision: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{anat|ucits}} The vexed question — germane to those considering the meaning of {{ucits4prov|financial derivative instrument}} under {{t|UCITS IV}} of whatg constitutes fair...") |
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Revision as of 11:01, 25 August 2017
UCITS Anatomy™
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The vexed question — germane to those considering the meaning of financial derivative instrument under UCITS IV of whatg constitutes fair value was first addressed by CESR (as it then was) in 2005:
- The fair value of an OTC derivative corresponds to the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction.