Proposed improvements to accounting for repurchase agreements.

• Position: Membermilestones - Brief article

FASB issued for public comment the proposed Accounting Standards Update, Transfers and Servicing [Topic 860)--Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings, which would eliminate the distinction between agreements that settle before the maturity of the transferred asset and those that settle at the same time as the transferred asset matures.

As a result, both types of transfers with forward agreements to...