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Technical Line - A closer look at the FASB accounting relief related to reference rate reform

Overview

Our Technical Line has been updated to reflect the amendments in ASU 2022-06 to extend the sunset date for applying the reference rate relief in ASC 848 to 31 December 2024 and to provide interpretative guidance on how entities may determine the terms of the hypothetical derivative when they are no longer applying the relief for assessing hedge effectiveness.

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