Transfers and Servicing (Topic 860)

In contrast, the derecognition model in U.S. GAAP primarily focuses on control with limited consideration of risks and rewards. The Board’s decision to require secured borrowing accounting for repurchase-to-maturity transactions sresultin a converged outcome for this type of transaction

  Model, Topics, Servicing, Transfer, Maturity, Transfers and servicing, Topic 860