Determining Hedge Effectiveness For State And Local Governments Under GASB 53

Sponsored By DerivActiv, LLC

Topics:

Accounting

Finance & Risk Management > Hedging

Professional Services > Auditing

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Abstract:

The Government Accounting Standards Board (GASB) issued Statement Number 53 (GASB 53) that is now a requirement for all governmental entities that hold derivatives in their portfolio. Governments often enter into derivative instruments as hedges of identified financial risks associated with specific assets or liabilities, or expected transactions (hedgeable items). If an organization is involved in these types of transactions, this GASB 53 white paper will provide them with the basics of derivative valuations used to meet GASB 53 requirements.

DETAILS

Sponsored by: DerivActiv, LLC

Released: August 13, 2009

Length: 9 pages

Format: PDF (4807 kb)

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