# ASC 815-10-30: Derivatives and Hedging — Overall — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/10/#30-initial-measurement)

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## ASC 815-10-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/815/10/#30-initial-measurement)

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##### [815-10-30-1](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-1)

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All derivative instruments shall be measured initially at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.").

##### [815-10-30-2](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-2)

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#### Contract that Is a Derivative Instrument After Acquisition

##### [815-10-30-3](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-3)

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A contract recognized under paragraph [815-10-25-2](https://asc.understandingaccounting.org/asc/815/10/#815-10-25-2) because it meets the definition of a derivative instrument after acquisition by an entity shall be measured initially at its then-current fair value.

#### Forward Commitment Dollar Rolls

##### [815-10-30-4](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-4)

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A [forward commitment dollar roll](https://asc.understandingaccounting.org/glossary/f/#forward-commitment-dollar-roll "See Government National Mortgage Association Rolls.") that is not subject otherwise to this Subtopic's provisions shall be measured initially at fair value.

### Certain Contracts on Debt and Equity Securities

##### [815-10-30-5](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-5)

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Forward contracts and purchased options on debt securities within the scope of this Subsection designated as held to maturity, available for sale, or [trading](https://asc.understandingaccounting.org/glossary/t/#trading "An activity involving securities sold in the near term and held for only a short period of time. The term trading contemplates a holding period generally measured in hours and days rather than months or years. See paragraph 948-310-40-1 for clarification of the term trading for a mortgage banking entity.") shall be measured initially in a manner consistent with the accounting prescribed by Topic 320 for that category of securities.

##### [815-10-30-6](https://asc.understandingaccounting.org/asc/815/10/#815-10-30-6)

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Forward contracts and purchased options on equity securities within the scope of this Subsection shall be measured initially in a manner consistent with the accounting prescribed by Topic 321.