22 | Financial assets

in TUSD 31 Dec 2021 31 Dec 2020
Debt securities 1,219,394 1,006,647
Deposits 310,775 159,277
Equity investment funds 106,950 34,377
Loans to third parties 513,681 376,032
Loans to member associations and confederations 7,642 1,000
Current financial assets 2,158,442 1,577,333
Debt securities 1,172,679 690,583
Deposits 0 28,018
Equity investment funds 0 1,458
Loans to member associations and confederations 106,681 41,821
Non-current financial assets 1,279,360 761,880
Total financial assets 3,437,802 2,339,213

FIFA’s financial assets are invested in short-term and long-term bonds, equity securities, loans and deposits. Loans to third parties are granted mainly to Swiss public authorities.

Under stage 3 of the COVID-19 Relief Plan, loans are granted to member associations and confederations. Member associations are able to apply for interest-free loans of up to 35% of their audited annual revenues, with a minimum loan of USD 0.5 million and a maximum loan of USD 5 million being available. These loans are initially recognised at fair value, i.e. the current value of the expected future cash flows discounted at a market-related interest rate.