Applying Termination of hedge accounting provisions.

• Position: PROPOSED GUIDANCE FOR

GASB has issued Derivative Instruments: Application of Hedge Accounting Termination Provisions (an amendment of GASB Statement No. 53) that proposes, when certain conditions are met, the use of hedge accounting should not be terminated. The provisions of the proposed statement are limited to when a swap represents a liability of a government, the replacement of the counterparty or credit support provider meets the criteria of an assignment or in-substance...