22 | Financial assets
| in TUSD | 31 Dec 2022 | 31 Dec 2021 |
|---|---|---|
| Debt securities | 1,700,159 | 1,219,394 |
| Deposits | 314,395 | 310,775 |
| Equity investment funds | 86,970 | 106,950 |
| Loans to third parties | 736,743 | 513,681 |
| Loans to member associations and confederations | 17,477 | 7,642 |
| Current financial assets | 2,855,744 | 2,158,442 |
| Debt securities | 1,079,325 | 1,172,679 |
| Loans to member associations and confederations | 100,571 | 106,681 |
| Loans to related parties | 784 | 0 |
| Non-current financial assets | 1,180,680 | 1,279,360 |
| Total financial assets | 4,036,424 | 3,437,802 |
FIFA’s financial assets are invested in short-term and long-term bonds, equity investment funds, 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.
As at 31 December 2022, FIFA had an outstanding loan of USD 0.8 million due from a key member of management.