Consequently, if the derivatives are used from a management point of view for pure hedging purposes but do not fully comply with the criteria envisaged in order to be designated hedging instruments, they are valued according to the general rules described previously.The effectiveness of the hedging relationship is documented initially and then on an ongoing basis. At each reporting date of the financial statements, the company assesses whether the hedging relationship still meets the effectiveness requirements.When all the requirements described previously are met, hedging operations can be recorded according to the following accounting models.