The international Accounting Standards Board (IASB) issued amended requirements for financial guarantee contracts, in the form of limited amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 4 Insurance Contracts.

The amendments are intended to ensure that issuers of financial guarantee contracts include the resulting liabilities in their balance sheet. The amendments define a financial guarantee contract as a "contract that requires the issuer to make specified payments to reimburse holder for a loss it incurs because a specified debtor fails to make payments when due in accordance with the original or modified terms of a debt instrument". These contracts could have various legal forms, including a guarantee, some types of letter of credit, or a credit insurance contract.