Add to favorites
Many securitization transactions involve the transfer of financial assets to a securitization entity, often a special purpose entity, through one or multiple steps. The securitization entity issues various interests that entitle its holders to the cash flows generated by the entity’s financial assets. These interests are commonly referred to as “beneficial interests” in those assets.
Certain beneficial interests in securitizations (that are not derivatives within the scope of ASC 815) are either debt securities under ASC 320 or are required to be accounted for like debt securities under ASC 320. These beneficial interests can be classified as trading, AFS, or HTM debt securities. Additionally, ASC 325-40 provides guidance on interest income, initial measurement, and subsequent measurement for certain beneficial interests within its scope.
Refer to LI 14 for further information on accounting for AFS beneficial interests that are within the scope of ASC 325-40.

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

Your session has expired

Please use the button below to sign in again.
If this problem persists please contact support.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide