TITLE

TBMA to GASB: Revise Derivatives Disclosure Guidance

AUTHOR(S)
Hume, Lynn
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The Bond Market Association (TBMA) is urging the Governmental Accounting Standards Board (GASB) to allow state and local governments of the U.S. to disclose the aggregate amount of their exposure to interest rate swaps in their financial statements. This is one of several modifications that TBMA asked GASB to make in its draft technical bulletin on derivatives disclosures. TBMA urged GASB not to require the disclosure of maximum credit loss. TBMA said that its comments are intended to help issuers and investors.
ACCESSION #
9913108

 

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