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FASB Proposes Improving Accounting for Repo Agreements
The proposed Accounting Standards Update, Transfers and Servicing (Topic 860)-Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings, would clarify the guidance for distinguishing repo agreements, and other transfers with forward agreements to repurchase transferred assets, as either sales or secured borrowings, and improve disclosures about them.
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