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Comment Letter - FASB proposal on hedge accounting improvements


Overview

In our comment letter, we support the FASB’s proposal to improve and simplify certain aspects of its guidance on hedge accounting to better portray the economic results of an entity’s risk management activities in its financial statements. However, we recommend amending certain aspects of the proposed amendments related to (1) hedging forecasted interest payments on choose-your-rate debt instruments and (2) applying the written option test.

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