SOFR Approved as a Hedging Benchmark Rate

Thoughtware Article Published: Nov 09, 2018

Authors

Topics

Financial Instruments Projects

Money, Calculator and magnifying glass

A team of federal regulators has been working for several years on a replacement rate for the London Interbank Offered Rate. The Federal Reserve has requested that the overnight index swap rate based on the Secured Overnight Financing Rate (SOFR) be deemed eligible as a benchmark interest rate for hedge accounting. Read on for more information.

Article

Oct 12, 2021

3Q 2021 Audit Committee Update – Public Companies

This article addresses key accounting and financial reporting considerations for public companies as they begin to prepare third quarter…

Article

Oct 04, 2021

FASB Standard Setter Update: 3Q 2021

This paper provides an overview of proposed and final standards issued by FASB through September 2021, along with recent updates on…

Article

Sep 26, 2021

Discount Rate Lease Relief Approved for NFPs & Private Companies

FASB has approved issuance of a final ASU to provide relief to private companies, NFP entities, and employee benefit plans in determining…

Article

Sep 26, 2021

NFP Year-End Accounting Guide

NFP Year-End Accounting Guide

Article

Sep 26, 2021

FASB to Clarify Fair Value Measurement on Equity Securities with Sale Restrictions

FASB to Clarify Fair Value Measurement on Equity Securities with Sale Restrictions

Article

Sep 10, 2021

ASC 842, Leases: September 2021 Update

FASB has provided nonpublic entities and NFPs additional time to implement ASC 842, Leases. This document has been refreshed to incorporate…

Kate & Ben — How can we help you? Contact Us!

How can we help you?