QA2018-56 - MAC Clause T01.00; T03.01 - T06.00

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Feb 01, 2024
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QA2018-56

Question


How must be reported a long term deposit that includes a MAC clause? (T01.00 and T05.00)


Response


For 2017 reporting, liabilities with a MAC clause will be treated as normal liabilities (ie. Without MAC clause, with the original maturity). Those liabilities should however be identitied and discussed with the IRT. Please note that in the future, the maturity of liabilities with a MAC clause which could lead to a remaining maturity of less than one year might not qualify.