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.
