The effective date of the application of this FRSIC CONSENSUS was 31 July 2008.
The release of FRSIC Consensus 10 – How To Compute The Majority Of The Benefits And Risks Of Special Purpose Entity (SPE) And What Constitutes The Residual Interest In The Case Where There Are Different Tranches Of Risks? provides guidance, on the application of IC Interpretation 112 Consolidation – Special Purpose Entities, and, specifically provides clarification on:-
(i) How to compute the majority of benefits and risks of Special Purpose Entities?
(ii) What constitutes residual interest in the case where there are different tranches of risks?
You can download FRISC Consensus 10 here: http://www.frsic.my/consensus_consensus.asp