When we buy back US Commercial Paper from investor, using fair value through P&L what will be journal entries for below. - how to account for break fee get charged for the swap (cross currency swap) - How is the interest calculate on the swap at contract break - Is there a one off gain or loss on breaking the swap and journals there off - what does IFRS 9 says about accounting for break cost for instrument held at break cost. Please help with an example.
