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Heads Up: FASB Proposes Guidance on ASC 815 Scope Exception for Embedded Credit Derivatives

Volume 16, Issue 36

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The attached issue of Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU), Scope Exception Related to Embedded Credit Derivatives, which has been re-exposed for a 30-day comment period. The ASU would affect "all entities that enter into contracts containing an embedded credit derivative feature related to the transfer of credit risk that is not only in the form of subordination of one financial instrument to another."

Read more in the file attached below or visit the Heads Up Archive for past issues.

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