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 In Review – June 2025
A compendium of links to new documents, research papers, press releases and comment letters published by ISDA in June 2025.
ISDA Presents Lock-Up Agreement Proposal
ISDA is pleased to present the proposed Lock-Up Agreements and CDS – Proposed Auction Solution. “Lock-Up Agreements” are market-wide arrangements, broadly standardized and predominantly integrated with court sanctioned restructuring or bankruptcy processes. Numerous end users will sign material Lock-Up Agreements...
Key Trends in OTC Derivatives Market H2 2024
The latest data from the Bank for International Settlements (BIS) over-the-counter (OTC) derivatives statistics shows a modest increase in notional outstanding during the second half of 2024 compared to the same period in 2023. Notional outstanding for interest rate, foreign...
Request to Extend Relief on No-Action Letter 22-18
On July 3, ISDA requested to extend the relief under the Commodity Futures Trading Commission's (CFTC) no-action letter No. 22-18. ISDA requests that the relief is extended until further action by the CFTC resolves the overlapping and contradictory reporting obligations...