Search within this section
Select a section below and enter your search term, or to search all click Transfers and servicing of financial assets
Favorited Content
6.1 Chapter overview
Publication date: 30 Sep 2020
us Transfers of financial assets guide
This chapter discusses the accounting for servicing rights. Servicing is the contractual right to service or administer many of the functions associated with a financial asset.
ASC 860 requires all servicing assets and liabilities to be initially measured at fair value but allows either fair value accounting or an amortization method on day two. If fair value accounting is elected, ASC 860 accomplishes symmetric accounting at fair value for both servicing assets and liabilities and any financial instruments used to mitigate or hedge their risk.
PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Link copied
