# ASC 848-40-05: Reference Rate Reform — Fair Value Hedges — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/848/40/#05-overview-and-background)

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## ASC 848-40-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/848/40/#05-overview-and-background)

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##### [848-40-05-1](https://asc.understandingaccounting.org/asc/848/40/#848-40-05-1)

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[Paragraph superseded by Accounting Standards Update No. 2020-04](https://asc.understandingaccounting.org/updates/asu-2020-04/).