# ASC 848-30: Reference Rate Reform — Hedging—General Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/848/30/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:50.444Z Record version: sha256:8113b3164591dae90b665d4941357f557538d1f796decc132247d7bd2f958992 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30: Reference Rate Reform — Hedging—General ### Machine-generated study aids ```json { "summary": "ASC 848-30 was the placeholder subtopic for general hedging guidance under the reference rate reform relief in Topic 848, but every paragraph in it has been superseded — the Section 05, 15, and 25 paragraphs by ASU 2020-04, and paragraphs 848-30-25-7A, 25-11A, 25-11B, and 25-11C by ASU 2021-01. As a result, the subtopic currently contains no operative recognition, scope, or overview guidance. Practitioners seeking the optional expedients and exceptions for hedge accounting relationships affected by the discontinuation of LIBOR and other reference rates must look to the other subtopics of Topic 848, principally 848-40 and 848-50.", "key_points": [ "All of the overview (Section 05), scope (Section 15), and recognition (Section 25) paragraphs of 848-30 have been superseded and carry no current authoritative effect.", "Paragraphs 848-30-05-1, 848-30-15-1, and 848-30-25-1 through 25-13 were superseded by Accounting Standards Update No. 2020-04.", "Paragraphs 848-30-25-7A, 848-30-25-11A, 848-30-25-11B, and 848-30-25-11C were superseded by Accounting Standards Update No. 2021-01.", "Because the subtopic is entirely superseded, no recognition or measurement conclusion may be supported by citing 848-30.", "Reference rate reform hedging relief now resides in the remaining subtopics of Topic 848 (for example, 848-40 on fair value hedges and 848-50 on cash flow hedges), which should be consulted instead." ], "categories": [ "Derivatives and hedging", "Transition and effective dates", "Financial instruments" ], "audience_level": "advanced", "student_note": "This subtopic is a shell: knowing that 848-30 is fully superseded prevents the common error of citing withdrawn paragraphs for reference rate reform hedging relief, which actually lives in the other Topic 848 subtopics. Also note that Topic 848's relief is optional and time-limited, so the sunset date matters more than the empty 848-30 heading.", "related_topics": [ "848", "848-10", "848-40", "848-50", "815", "815-20" ], "key_concepts": [ "reference rate reform", "superseded guidance", "hedge accounting relief", "optional expedients", "libor transition", "discontinued reference rate", "codification maintenance" ] } ``` Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:38.800Z Record version: sha256:d13ba467132161eea13d64b49fddbb783d004c4adf72b7e470e830d2520263e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/848/30/#00-status) SEC content: no ##### [848-30-00-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:38.800Z to 2026-09-10T02:01:38.800Z Record version: sha256:486d8ccb24734a6d5122afd8006012ad62509a4eedfb846877e59c28f51b32cb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
848-30-05-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-05-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-15-1AmendedAccounting Standards Update No. 2021-0101/07/2021
848-30-15-1SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-15-1AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-25-1 through 25-13
SupersededAccounting Standards Update No. 2020-0403/12/2020
848-30-25-1 through 25-13
AddedAccounting Standards Update No. 2020-0403/12/2020
848-30-25-7ASupersededAccounting Standards Update No. 2021-0101/07/2021
848-30-25-7AAddedAccounting Standards Update No. 2021-0101/07/2021
848-30-25-9 through 25-11
AmendedAccounting Standards Update No. 2021-0101/07/2021
848-30-25-11A through 25-11C
SupersededAccounting Standards Update No. 2021-0101/07/2021
848-30-25-11A through 25-11C
AddedAccounting Standards Update No. 2021-0101/07/2021
Source downloaded (UTC): 2026-09-10T02:01:41.579Z to 2026-09-10T02:01:41.579Z Record version: sha256:4bd2514c7fe8938db45cca74a8a230b3601032152b33e64b9083ca13f900d0f9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/848/30/#05-overview-and-background) SEC content: no ##### [848-30-05-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:41.579Z to 2026-09-10T02:01:41.579Z Record version: sha256:55cea37ee960017ee780e20f0190ae4ea2c7c07a2fc3c022a973635290b725f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). 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[Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:cd24991cb8fad65682881eef33a12eb43a2b4bbbc04c7461442a0fb59053af59 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 848-30-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/848/30/#25-recognition) SEC content: no ##### [848-30-25-1](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:4e3fb6fea86cf2e60467f35fbc9039938aa498f074fab8a6692ae19136b10299 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-2](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:a76a02d7858ce06916319b0fdbd0fd38582e508086ff91547680e2abe03fcb93 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-3](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:0827dedec58db866ab8210ea784e71fabbadf5520e646bfb78db780b1314dd12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/). ##### [848-30-25-4](https://asc.understandingaccounting.org/asc/848/30/#848-30-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:01:46.420Z to 2026-09-10T02:01:46.420Z Record version: sha256:39af0ee2f6798e96ad486b3ac21df5dbce74d2b3bc1d69cdf6b667ff1b6545f0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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