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Overview
The SEC requires accounting policy disclosures for derivatives in the notes to the financial statements and quantitative and qualitative disclosures about market risk inherent in derivatives, other financial instruments and certain derivative commodity instruments outside the financial statements. Registrants are afforded some flexibility regarding the quantitative disclosures. Registrants are required to disclose assumptions and limitations inherent in the modeling techniques utilized to derive the quantitative disclosures, information about the reasons for material changes in the amounts reported when compared to the information reported in the prior year and certain qualitative information about primary market risk exposures. This publication provides a summary of the requirements and discusses alternatives to complying with them.