CHAPTER IV

ACCOUNTING RULES FOR OFF-BALANCE-SHEET INSTRUMENTS

General rules
Article 15
Article 15 of Guideline ECB/2010/20 shall apply to this Decision.

Foreign exchange forward transactions
Article 16
Foreign exchange forward transactions shall be accounted for in accordance with Article 16 of Guideline ECB/2010/20.

Foreign exchange swaps
Article 17
Foreign exchange swaps shall be accounted for in accordance with Article 17 of Guideline ECB/2010/20.

Future contracts
Article 18
Future contracts shall be accounted for in accordance with Article 18 of Guideline ECB/2010/20.

Interest rate swaps
Article 19
Interest rate swaps shall be accounted for in accordance with Article 19 of Guideline ECB/2010/20. Unrealised losses taken to the profit and loss account at the year-end shall be amortised in subsequent years in accordance with the straight-line method. For forward interest rate swaps the amortisation shall begin from the value date of the transaction.

Forward rate agreements
Article 20
Forward rate agreements shall be accounted for in accordance with Article 20 of Guideline ECB/2010/20.

Forward transactions in securities
Article 21
Forward transactions in securities shall be accounted for in accordance with Method A in Article 21(1) of Guideline ECB/2010/20.

Options
Article 22
Options shall be accounted for in accordance with Article 22 of Guideline ECB/2010/20.