1. Présentation of interest rate swaps (IRS)

Economic aspect of IRS.

Concept and use of valuation of IRS.

2. Accounting for derivatives under IFRS

Accounting for trading derivatives.

Conditions to apply hedge accounting.

Fair value hedge accounting:

• Economic explanation.
• Accounting treatment.

Cash flow hedge accounting:

• Economic explanation.
• Accounting treatment.

The specific case of macro-hedge accounting.

3. Accounting for derivatives under french gaap

The classification of derivatives in four portfolios following the business model

The accounting treatment.