(Practical Guidance on Accounting
Standard for Financial Instruments
37,38,39)
Any new asset or liability arising
when a financial asset is
derecognised is recorded at market value at the date of transfer.
If the market value of the remaining
interest or any new asset (derivative)
arising on the derecognition of
another financial asset cannot be
reasonably measured, the remaining
interest or new asset should be
measured at zero and any gain or
loss on the transfer should be
calculated as if the market value is zero.