alleryStart learning →In IFRS 9 asset classification, what does SPPI stand for?
ASecured payments of premium and income
BStandardised profit and income payments
CSettled principal on interest-bearing paper
DSolely payments of principal and interest
Answer & Solution
Correct answer: D. Solely payments of principal and interest
SPPI is the contractual cash flow test: cash flows must be only principal and interest.
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