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Hi sir,
Are loan and receivables and held to maturity are initially measured at fair value?Does they have an active market like other financial assets such as FVTPL and AFS.I know their subsequent measurement is at amortised cost.Thanks.
Hi,
Loans and receivables and held to maturity financial assets are under the old financial instruments standard, not the updated IFRS 9.
However, whether use old or new there is a fair value at initial recognition, being the amount paid including any transaction costs (unless FVTLP).
Thanks
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