Add to favorites
FASB proposes amendments to reference rate reform and hedge accounting

On April 20, the FASB issued an exposure draft of a proposal that would (i) defer the “sunset date” of ASC 848 from December 31, 2022 to December 31, 2024 and (ii) amend the listing of benchmark interest rates eligible to be used in hedging relationships to include rates based on SOFR (such as term SOFR) as opposed to only the SOFR overnight index swap rate. These proposals result from changes in the intended cessation date of certain USD LIBOR tenors, as well as the continued development of SOFR term rates in the market. Comments on the proposal are due by June 6, 2022.

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