France Cap premium amortization


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Hello, I need help with cap premium amortization booking. Maybe someone who working with france companies know how to do it?
Please find attached file how it is booking at the moment.
 

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Aug 10, 2020
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It's a cap, so the instrument would be in compliance with IFRS 9 conditions for a financial asset to be valued at amortized cost. Also, your firm appears to be the buyer.

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The premium is being reduced while the expense is recognized, and it's accompanied by the amort liability with related memo. I suppose you could tag the amort accounts as an amortization of inception. A little bit curious to see what's in column E. I personally wouldn't tag it as a transaction cost since that would be more descriptive of a bid-ask spread for swaps; whereas this is a cap.
 
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