In case of AFS, why do unrealized gains/losses go to OCI but in case of trading, it goes to PnL?

Because those are the (arbitrary) rules of accounting.

No logic, is it? :slight_smile:


None of which I’m aware.

That’s the biggest problem with FRA: you have to memorize a (large) number of arbitrary rules.

Under US GAAP, interest expense is a non-operating expense, but interest paid is a CF O outflow. It makes no sense, and you have to know it.

Ok …