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This Statement provides implementation guidance for assessing isolation of transferred assets and for accounting for transfers of partial interests, servicing of financial assets, securitizations, transfers of sales-type and direct financing lease receivables, securities lending transactions, repurchase agreements including "dollar rolls ...
This document summarizes accounting rules under FASB 125 for securitization transactions. Key points include: - FASB 125 determines whether a securitization is accounted for as a sale or financing. A securitization must meet sale criteria including isolation of transferred assets, surrender of control, and ability of transferee to pledge/sell ...
Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities (“FASB 125”), which institutes new accounting rules for US generally accepted accounting principles (“GAAP”) applicable to all transactions involving transfers of financial assets,
2 mar 2014 · Who would have thought that securitization accounting would be such a dynamic topic? The <strong>FASB</strong>,<br /> the EITF, the FDIC, the AICPA and the SEC have proposed and promulgated rules, policies and interpretations<br /> at a relentless pace, necessitating a fourth edition of our booklet. As with the prior editions,<br />
FAS 140 was issued in September 2000 and replaces the similarly titled FAS Statement No. 125, but continues to carry over most of the provisions of FAS 125. Examiners should have a basic understanding of the accounting rules that govern credit card securitization transactions.
In accounting for securitizations, there are two baseline questions to answer: • Do I have to consolidate the special purpose entity(ies) involved? • Have I sold the transferred assets for accounting purposes? Both US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) require
FAS 140 was issued in September 2000 and replaces the similarly titled FAS Statement No. 125, but continues to carry over most of the provisions of FAS 125. Examiners should have a basic understanding of the accounting rules that govern credit card securitization transactions.
