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Exposure Draft on Accounting for Derivative Financial Instruments

Issue

OTC Derivatives→

Summary

The Securities Industry Association (SIA)* provides comments to the Financial Accounting Standards Advisory Council (FASAC) on the Exposure Draft on Accounting for Derivative Financial Instruments (Exposure Draft).  SIA believes the Exposure Draft in far too many cases will have the opposite desired effect of the giving users of financial statements a clearer insight into how derivatives can affect a firm’s financial condition.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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Related Committee(s)

  • Swap Dealer Committee

Date

12

June

1997

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