Security deposit setoff

Since 2014, IFRS permits offsetting when an event is settled in the current period rather based on contingency of future events. For this, an entity must obtain a legal right and after which there will be no consequences because information about financial assets pledged as collateral will be disclosed in SOFP. Then, when the counter party will default the payment to you due to bankruptcy, you will have to make another disclosure about the event. The cost constraint to preparers of financial statements is additional to provide this information.  

https://www.ey.com/Publication/vwLUAssets/Applying_FI_May2012/$FILE/Applying_FID&P_May2012.pdf