ISDA has written a letter to the Financial Accounting Standards Board (FASB) requesting that the ability to designate a fair value or cash flow hedge of a foreign currency exposure that arises in connection with cross-border business acquisitions be considered as an agenda topic. This practice is pervasive across industries, narrow in nature, and can be resolved in a short-time frame. This practice is outside the scope of the recent hedging project that led to the issuance of Accounting Standards Update (ASU) 2017-12.
ISDA has also requested that derivative hedging the functional-currency-equivalent proceeds to be received from a forecasted foreign-currency-denominated debt issuance also be discussed. This topic was previously deliberated but left aside for a larger hedging project. This practice is pervasive across industries, narrow in nature, and can be resolved in a short-time frame. This practice is also outside the scope of the recent hedging project that led to the issuance of ASU 2017-12.
Documents (2) for ISDA sends agenda requests to FASB
Latest
ISDA & EMTA Market Practice 45
ISDA & EMTA jointly published the attached updated market practice regarding the determination of barrier events for Brazilian Real non-deliverable continuously monitored barrier option transactions.
Episode 54: A Modernization Agenda
ISDA’s chair Amy Hong sets out priorities for the association in 2026 and the important role that technologies like tokenization and artificial intelligence will play in modernizing derivatives markets. Please view this page via Chrome to access the recording.
Developing OTC Commodity Derivatives in India
The development of a robust and liquid over-the-counter (OTC) commodity derivatives market in India could support the continued growth of India’s economy given its significant reliance on commodities. A well-functioning OTC market in India would offer several advantages. First, it...
A Critical Step to Efficient Treasury Clearing
By the end of this year, the first prong of the Securities and Exchange Commission’s (SEC) Treasury clearing mandate will come into force. This is part of a regulatory effort to make the financial system more robust, but it will...