On June 8, ISDA submitted a letter requesting that the Financial Accounting Standards Board (FASB) expands the scope of the fair value option that is provided under Topic 825, Financial Instruments to include physical commodity inventories as well as executory contracts related to physical commodities (eg, storage, transportation, non-derivatives purchase or sale contracts) that are managed on a fair value basis. Given the challenges and significant operational cost that exist with applying fair value hedge accounting to the substantial majority of these positions, having an option to measure certain physical commodity inventories and related executory contracts at fair value would provide a practical and simplified solution.
Documents (1) for ISDA Submits Letter to FASB on Scope of Fair Value Option
Latest
ISDA Response on Common Carbon Data Model
On August 12, ISDA responded to a consultation from the Climate Data Steering Committee (CDSC) on a Common Carbon Credit Data Model. ISDA members believe the Group-of-20 carbon data model initiative is a positive step in addressing data gaps and...
Joint Response on RBA Consultation
On August 11, ISDA and FIA submitted a joint response to the Reserve Bank of Australia (RBA) on its consultation on guidance for Australia’s clearing and settlement facility resolution regime. The associations welcome publication of the draft guidance, which provides...
SwapsInfo H1 2025 and Q2 2025
Interest rate derivatives (IRD) trading activity increased in the first half of 2025, driven by continued interest rate volatility, evolving central bank policy expectations and persistent macroeconomic uncertainty. Trading in index credit derivatives also rose, as market participants responded to...
ISDA Response to IFSCA Consultation
On August 5, ISDA responded to the International Financial Services Centres Authority’s (IFSCA) consultation on reporting and clearing of over-the-counter (OTC) derivatives contracts booked in International Financial Services Centres (IFSC). In the response, ISDA provided the following recommendations: Not mandating...