IFRS 9 applies one classifi cation approach for all types of fi nancial assets, including

those that contain embedded derivative features. Financial assets are therefore
classifi ed in their entirety rather than being subject to complex bifurcation
requirements. Two criteria are used to determine how fi nancial assets should be
classifi ed and measured: (a) the entitys business model for managing the fi nancial
assets; and (b) the contractual cash fl ow characteristics of the