SCHEDULES
SCHEDULE 7Loan relationships and derivative contracts
PART 4Consequential amendments
99
1
Schedule 4 to CTA 2009 (index of defined expressions) is amended as follows.
2
At the appropriate place in each case insert—
accounting policy (in Parts 5 and 6)
section 476
accounting policy (in Part 7)
section 710
designated fair value hedge (in Parts 5 and 6)
section 313(7)
hedged item (in Parts 5 and 6)
section 313(7)
hedging relationship (in Parts 5 and 6)
section 475A
relevant contract (in Parts 5 and 6)
section 476(1)
tax-adjusted carrying value (in Parts 5 and 6)
section 465B
tax-adjusted carrying value (in Part 7)
section 702
3
In the entry for “fair value (in Parts 5 and 6)”, for “313(6)” substitute “
476(1)
”
.
4
Omit the following—
a
the entry for “carrying value (in Part 7)”;
b
the entries for “statement of comprehensive income (in Parts 5 and 6)” and “statement of comprehensive income (in Part 7)”;
c
the entries for “the Part 5 one-way exchange effect provisions” and “the Part 7 one-way exchange effect provisions”.
100
In Schedule 21 to FA 2009, omit paragraphs 1 to 3, 7 and 9.