To the Point - FASB adds new benchmark interest rate for hedge accounting

30 Oct 2018 PDF
Subject AccountingLink
Publications To the Point


The FASB issued final guidance that adds the overnight index swap rate based on the Secured Overnight Financing Rate to the list of US benchmark interest rates in ASC 815 that are eligible to be hedged. This guidance is effective when an entity adopts the new hedging guidance in ASU 2017-12. Entities that have already adopted ASU 2017-12 may begin to apply this guidance in any interim period.

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