non recourse..IFRS 9

Hi Sir
need little clarification on this

if 80 percent of trade receivable of 40 million $ is sold to factoring company with non recourse option. but company guarantees that it will pay a factor 9 percent of each receivable not recovered.company believe that customer represents low credit risk so probability of default is low. lets say fair value of the guarantee is 50,000$

should we derecognise financial assest?

Guarantee will be recognized as liability but what about continue involvement in the collection which represents 9 percent. should we need to recognize financial assest of that continue involvement as per IFRS 9 for the amount lower of carrying vale of Financial assest or fair value of amount guarantee to be paid which is 9 percent?

will it be like

Dr cash 32
Dr profit and loss 4.9

Dr financial assest – continue involvement 3.6(9 percent of 40 amount to be paid to factor which is not certain in this case as its just a percentage of unrecoverable amount)

Cr financial assest 40
Cr financial liability 0.5

or there is no need to recognize the financial assest as probability of default is low and we assume that risk and reward and control both are transferred? and we will recognize loss of 8 million?