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FASB issues proposed taxonomy implementation guide on repurchase-to-maturity transactions and repurchase financings

  • FASB document Image

Mar 03, 2015

The FASB has issued a proposed U.S. GAAP financial reporting taxonomy (UGT) implementation guide to help entities apply the taxonomy’s modeling structure to XBRL disclosures about repurchase-to-maturity transactions and repurchase financings.

The im­ple­men­ta­tion guide con­tains ex­am­ples il­lus­trat­ing four dis­clo­sure scenarios:

    1. Certain transfers of financial assets accounted for as sales with agreements that cause the transferor to retain substantially all of the exposure to the economic return on the transferred financial asset.
    2. Repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings.
    3. Repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings, alternative.
    4. Repurchase agreements accounted for as secured borrowings.

Com­ments on the UGT im­ple­men­ta­tion guide are due by May 1, 2015. The guide is avail­able on the FASB’s Web site.

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