22 | Financial assets
|in TUSD||31 Dec 2021||31 Dec 2020|
|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|
|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.