CSM
"If inflows > outflows, we have a negative liability which is eliminated at initial recognition through the establishment of a CSM."
Does establishment of CSM mean CSM is recognized immediately?
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"If inflows > outflows, we have a negative liability which is eliminated at initial recognition through the establishment of a CSM."
Does establishment of CSM mean CSM is recognized immediately?
Comments
No it is not. The purpose of the CSM is to defer the recognition of profit. The Loss component amount will be recognized immediately in P&L