# ASC 860-20-50: Transfers and Servicing — Sales of Financial Assets — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/860/20/#50-disclosure) 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): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:d350e577c5f8f96b80fe874d865b5da97df301117cd778622dd4d503a63e9a1f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-20-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/860/20/#50-disclosure) SEC content: no #### All Entities within Scope of Subtopic ##### [860-20-50-1](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:ba89ef5dfc6a62bb04ecb1b6a257f2435fe2f076f7d64258e2b064edde28cc94 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section is organized as follows: 1. a Disclosures for each income statement presented 2. b Disclosures for each statement of financial position presented 3. c Sales of loans and trade receivables. For overall guidance on Topic 860's disclosures, see Section 860-10-50. ##### [860-20-50-2](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:3d8c8049a43e0795a184cd871d1c98d0aaf57547034bb28175f7ce7634260013 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraphs [860-20-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) address disclosures for [securitizations](https://asc.understandingaccounting.org/glossary/s/#securitization "The process by which financial assets are transformed into securities."), asset-backed financing arrangements, and similar [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: Selling a receivable Putting a receivable into a securitization trust Posting a receivable as collateral. A transfer excludes the following: The origination of a receivable Settlement of a receivable The restructuring of a receivable into a security in a troubled debt restructuring.") that have both of the following characteristics: 1. a The transfer is accounted for as a sale 2. b The transferor has continuing involvement with the [transferred financial assets](https://asc.understandingaccounting.org/glossary/t/#transferred-financial-assets "Transfers of any of the following: An entire financial asset A group of entire financial assets A participating interest in an entire financial asset."). ##### [860-20-50-2A](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-2A) Pending content: yes Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:111590e3987ca5cc9f5f47c3ebce037c8d4e11fb02e680a549b0a41f62053e29 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If specific disclosures are required for a particular form of a transferor's continuing involvement by other Topics, the transferor shall provide the information required in paragraphs [860-20-50-3(b) through (cc)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4(a)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) with a cross-reference to the separate notes to financial statements so a financial statement user can understand the risks retained in the transfer. The entity does not need to provide each specific disclosure required in paragraphs [860-20-50-3(d)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) if the disclosure is not required by other Topics and the objectives of paragraphs [860-10-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-3) are met. For example, if the transferor's only form of continuing involvement is a derivative, the entity shall provide the disclosures required in paragraphs [860-20-50-3(b) through (cc)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4(a)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) and the disclosures about derivatives required by applicable Topics. In addition, the entity shall evaluate whether the other disclosures in paragraphs [860-20-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) are necessary for the entity to meet the objectives in those paragraphs. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)If specific disclosures are required for a particular form of a transferor's continuing involvement by other Topics, the transferor shall provide the information required in paragraphs [860-20-50-3(b) through (cc)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4(a)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) with a cross-reference to the separate notes to financial statements in interim and annual reporting periods so a financial statement user can understand the risks retained in the transfer. The entity does not need to provide each specific disclosure required in paragraphs [860-20-50-3(d)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) if the disclosure is not required by other Topics and the objectives of paragraphs [860-10-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-3) are met. For example, if the transferor's only form of continuing involvement is a derivative, the entity shall provide the disclosures required in paragraphs [860-20-50-3(b) through (cc)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) and [860-20-50-4(a)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) and the disclosures about derivatives required by applicable Topics. In addition, the entity shall evaluate whether the other disclosures in paragraphs [860-20-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) are necessary for the entity to meet the objectives in those paragraphs. ##### [860-20-50-3](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) Pending content: yes Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:4fa74bd3d7143da9528149d1d04c027abc424def7dfd45054d0622e3a274ef3c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For each income statement presented, the entity shall disclose all of the following: 1. a [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 2. b The characteristics of the [transfer](https://asc.understandingaccounting.org/glossary/t/#transfer "The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: Selling a receivable Putting a receivable into a securitization trust Posting a receivable as collateral. A transfer excludes the following: The origination of a receivable Settlement of a receivable The restructuring of a receivable into a security in a troubled debt restructuring.") including all of the following: 1. 1 A description of the transferor's [continuing involvement](https://asc.understandingaccounting.org/glossary/c/#continuing-involvement "Any involvement with the transferred financial assets that permits the transferor to receive cash flows or other benefits that arise from the transferred financial assets or that obligates the transferor to provide additional cash flows or other assets to any party related to the transfer. For related implementation guidance, see paragraph 860-10-55-79A.") with the transferred financial assets 2. 2 The nature and initial fair value of both of the following: 1. i The asset obtained as proceeds 2. ii The liabilities incurred in the transfer. 3. 3 The gain or loss from sale of transferred financial assets. 3. bb For the initial fair value measurements in item (b)(2), the level within the fair value hierarchy in Topic 820 in which the fair value measurements fall, segregating fair value measurements using each of the following: 1. 1 Quoted prices in active markets for identical assets or liabilities (Level 1) 2. 2 Significant other observable inputs (Level 2) 3. 3 Significant unobservable inputs (Level 3). 4. c For the initial fair value measurements in item (b)(2), the key inputs and assumptions used in measuring the fair value of assets obtained and liabilities incurred as a result of the sale that relate to the transferor's continuing involvement, including quantitative information about all of the following: 1. 1 Discount rates. 2. 2 Expected prepayments including the expected weighted-average life of prepayable financial assets. The weighted-average life of prepayable assets in periods (for example, months or years) can be calculated by multiplying the principal collections expected in each future period by the number of periods until that future period, summing those products, and dividing the sum by the initial principal balance. 3. 3 Anticipated credit losses, including expected static pool losses. If an entity has aggregated transfers during a period in accordance with the guidance beginning in paragraph [860-10-50-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-5), it may disclose the range of assumptions. 5. cc For the initial fair value measurements in item (b)(2), the valuation technique(s) used to measure fair value. 6. d Cash flows between a transferor and transferee, including all of the following: 1. 1 [Proceeds](https://asc.understandingaccounting.org/glossary/p/#proceeds "Cash, beneficial interests, servicing assets, derivative instruments, or other assets that are obtained in a transfer of financial assets, less any liabilities incurred.") from new transfers 2. 2 Proceeds from collections reinvested in revolving-period transfers 3. 3 Purchases of previously transferred financial assets 4. 4 Servicing fees 5. 5 Cash flows received from a transferor's interests. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For each interim and annual income statement presented, the entity shall disclose all of the following: 1. a [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 2. b The characteristics of the [transfer](https://asc.understandingaccounting.org/glossary/t/#transfer "The conveyance of a noncash financial asset by and to someone other than the issuer of that financial asset. A transfer includes the following: Selling a receivable Putting a receivable into a securitization trust Posting a receivable as collateral. A transfer excludes the following: The origination of a receivable Settlement of a receivable The restructuring of a receivable into a security in a troubled debt restructuring.") including all of the following: 1. 1 A description of the transferor's [continuing involvement](https://asc.understandingaccounting.org/glossary/c/#continuing-involvement "Any involvement with the transferred financial assets that permits the transferor to receive cash flows or other benefits that arise from the transferred financial assets or that obligates the transferor to provide additional cash flows or other assets to any party related to the transfer. For related implementation guidance, see paragraph 860-10-55-79A.") with the transferred financial assets 2. 2 The nature and initial fair value of both of the following: 1. i The asset obtained as proceeds 2. ii The liabilities incurred in the transfer. 3. 3 The gain or loss from sale of transferred financial assets. 3. bb For the initial fair value measurements in item (b)(2), the level within the fair value hierarchy in Topic 820 in which the fair value measurements fall, segregating fair value measurements using each of the following: 1. 1 Quoted prices in active markets for identical assets or liabilities (Level 1) 2. 2 Significant other observable inputs (Level 2) 3. 3 Significant unobservable inputs (Level 3). 4. c For the initial fair value measurements in item (b)(2), the key inputs and assumptions used in measuring the fair value of assets obtained and liabilities incurred as a result of the sale that relate to the transferor's continuing involvement, including quantitative information about all of the following: 1. 1 Discount rates. 2. 2 Expected prepayments including the expected weighted-average life of prepayable financial assets. The weighted-average life of prepayable assets in periods (for example, months or years) can be calculated by multiplying the principal collections expected in each future period by the number of periods until that future period, summing those products, and dividing the sum by the initial principal balance. 3. 3 Anticipated credit losses, including expected static pool losses. If an entity has aggregated transfers during a period in accordance with the guidance beginning in paragraph [860-10-50-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-5), it may disclose the range of assumptions. 5. cc For the initial fair value measurements in item (b)(2), the valuation technique(s) used to measure fair value. 6. d Cash flows between a transferor and transferee, including all of the following: 1. 1 [Proceeds](https://asc.understandingaccounting.org/glossary/p/#proceeds "Cash, beneficial interests, servicing assets, derivative instruments, or other assets that are obtained in a transfer of financial assets, less any liabilities incurred.") from new transfers 2. 2 Proceeds from collections reinvested in revolving-period transfers 3. 3 Purchases of previously transferred financial assets 4. 4 Servicing fees 5. 5 Cash flows received from a transferor's interests. ##### [860-20-50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4) Pending content: yes Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:4a737a59d82eed1501298b67326b0c1390fe19433ed94344e374ebf9b2b7295f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For each statement of financial position presented, regardless of when the transfer occurred, an entity shall disclose all of the following: 1. a Qualitative and quantitative information about the transferor's continuing involvement with transferred financial assets that provides financial statement users with sufficient information to assess the reasons for the continuing involvement and the risks related to the transferred financial assets to which the transferor continues to be exposed after the transfer and the extent that the transferor's risk profile has changed as a result of the transfer (including, but not limited to, credit risk, interest rate risk, and other risks), including all of the following: 1. 1 The total principal amount outstanding 2. 2 The amount that has been derecognized 3. 3 The amount that continues to be recognized in the statement of financial position 4. 4 The terms of any arrangements that could require the transferor to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the transferee or its beneficial interest holders, including both of the following: 1. i A description of any events or circumstances that could expose the transferor to loss 2. ii The amount of the maximum exposure to loss. 5. 5 Whether the transferor has provided financial or other support during the periods presented that it was not previously contractually required to provide to the transferee or its beneficial interest holders, including—when the transferor assisted the transferee or its beneficial interest holders in obtaining support—both of the following: 1. i The type and amount of support 2. ii The primary reasons for providing the support. An entity also is encouraged to disclose information about any liquidity arrangements, guarantees, or other commitments by third parties related to the transferred financial assets that may affect the fair value or risk of the related transferor's interest. 2. aa The entity's accounting policies for subsequently measuring assets or liabilities that relate to the continuing involvement with the transferred financial assets. 3. b The key inputs and assumptions used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement including, at a minimum, but not limited to, quantitative information about all of the following: 1. 1 Discount rates 2. 2 Expected prepayments including the expected weighted-average life of prepayable financial assets (see paragraph [860-20-50-3(c)(2)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3)) 3. 3 Anticipated credit losses, including expected static pool losses, if applicable. Expected static pool losses can be calculated by summing the actual and projected future credit losses and dividing the sum by the original balance of the pool of assets. If an entity has aggregated transfers during a period in accordance with the guidance beginning in paragraph [860-10-50-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-5), it may disclose the range of assumptions. 4. c For the transferor's interest in the transferred financial assets, a sensitivity analysis or stress test showing the hypothetical effect on the fair value of those interests (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported under item (b) of this paragraph independently from any change in another key assumption. 5. d A description of the objectives, methodology, and limitations of the sensitivity analysis or stress test. 6. e Information about the asset quality of transferred financial assets and any other financial assets that it manages together with them. This information shall be separated between assets that have been derecognized and assets that continue to be recognized in the statement of financial position. This information is intended to provide financial statement users with an understanding of the risks inherent in the transferred financial assets as well as in other financial assets and liabilities that it manages together with transferred financial assets. For example, information for receivables shall include, but is not limited to both of the following: 1. 1 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 3. 3 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 4. 4 Delinquencies at the end of the period 5. 5 Credit losses, net of recoveries, during the period. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For each interim and annual statement of financial position presented, regardless of when the transfer occurred, an entity shall disclose all of the following: 1. a Qualitative and quantitative information about the transferor's continuing involvement with transferred financial assets that provides financial statement users with sufficient information to assess the reasons for the continuing involvement and the risks related to the transferred financial assets to which the transferor continues to be exposed after the transfer and the extent that the transferor's risk profile has changed as a result of the transfer (including, but not limited to, credit risk, interest rate risk, and other risks), including all of the following: 1. 1 The total principal amount outstanding 2. 2 The amount that has been derecognized 3. 3 The amount that continues to be recognized in the statement of financial position 4. 4 The terms of any arrangements that could require the transferor to provide financial support (for example, liquidity arrangements and obligations to purchase assets) to the transferee or its beneficial interest holders, including both of the following: 1. i A description of any events or circumstances that could expose the transferor to loss 2. ii The amount of the maximum exposure to loss. 5. 5 Whether the transferor has provided financial or other support during the periods presented that it was not previously contractually required to provide to the transferee or its beneficial interest holders, including—when the transferor assisted the transferee or its beneficial interest holders in obtaining support—both of the following: 1. i The type and amount of support 2. ii The primary reasons for providing the support. An entity also is encouraged to disclose information about any liquidity arrangements, guarantees, or other commitments by third parties related to the transferred financial assets that may affect the fair value or risk of the related transferor's interest. 2. aa The entity's accounting policies for subsequently measuring assets or liabilities that relate to the continuing involvement with the transferred financial assets. 3. b The key inputs and assumptions used in measuring the fair value of assets or liabilities that relate to the transferor's continuing involvement including, at a minimum, but not limited to, quantitative information about all of the following: 1. 1 Discount rates 2. 2 Expected prepayments including the expected weighted-average life of prepayable financial assets (see paragraph [860-20-50-3(c)(2)](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3)) 3. 3 Anticipated credit losses, including expected static pool losses, if applicable. Expected static pool losses can be calculated by summing the actual and projected future credit losses and dividing the sum by the original balance of the pool of assets. If an entity has aggregated transfers during a period in accordance with the guidance beginning in paragraph [860-10-50-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-50-5), it may disclose the range of assumptions. 4. c For the transferor's interest in the transferred financial assets, a sensitivity analysis or stress test showing the hypothetical effect on the fair value of those interests (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported under item (b) of this paragraph independently from any change in another key assumption. 5. d A description of the objectives, methodology, and limitations of the sensitivity analysis or stress test. 6. e Information about the asset quality of transferred financial assets and any other financial assets that it manages together with them. This information shall be separated between assets that have been derecognized and assets that continue to be recognized in the statement of financial position. This information is intended to provide financial statement users with an understanding of the risks inherent in the transferred financial assets as well as in other financial assets and liabilities that it manages together with transferred financial assets. For example, information for receivables shall include, but is not limited to both of the following: 1. 1 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 2. 2 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 3. 3 [Subparagraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). 4. 4 Delinquencies at the end of the period 5. 5 Credit losses, net of recoveries, during the period. ##### [860-20-50-4A](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4A) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:151ecc406f92cbbe2f05b1546f68e99599313238eef822de015da163813acc06 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosure requirement in paragraph [860-20-50-4D](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4D) applies to transactions accounted for as a sale that comprise both of the following: 1. a A transfer of financial assets to a transferee 2. b An agreement entered into in contemplation of the initial transfer with the transferee that results in the transferor retaining substantially all of the exposure to the economic return on the transferred financial asset throughout the term of the transaction. For purposes of this paragraph, an agreement entered into in contemplation of the initial transfer refers to transactions that depend on the execution of one another and that are entered into for the same business purpose. ##### [860-20-50-4B](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4B) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:33badc795e48e0d812e5437d6be8e33963d7fe75e4b396ca33271729f9b0f26d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The transactions described in paragraph [860-20-50-4A](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4A) include both of the following types: 1. a Transfers of financial assets with an agreement to repurchase the transferred financial asset (or a substantially-the-same financial asset) before maturity at a fixed or determinable price that will be settled in a form other than the return of the transferred financial asset (for example, the transaction is cash-settled) 2. b Transfers of financial assets with an agreement that requires that the transferor retain substantially all of the exposure to the economic return on the transferred financial asset (for example, a sale with a total return swap). ##### [860-20-50-4C](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4C) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:1e5db2913e460a346b5388ec0cfa925da117f454c5319504575efadc4b7adbec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following items are not subject to the requirements in paragraph [860-20-50-4D](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4D): 1. a Transfers of financial assets with an agreement to purchase another financial asset that is not substantially the same as the initial transferred financial asset in accordance with paragraph [860-10-40-24(a)](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-24), for example, a dollar roll transaction accounted for as a sale because the financial asset to be purchased is not substantially the same as the initially transferred financial asset in accordance with paragraph [860-10-40-24(a)](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-24) 2. b Transactions described in paragraph [860-20-50-2](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-2) that are subject to the disclosures in paragraphs [860-20-50-3 through 50-4](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-3) . ##### [860-20-50-4D](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4D) Pending content: yes Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:c5be989f206ef2152e41773cd7a6ff7a1f4592cb5237e378ec8821af34ac6460 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To provide an understanding of the nature of the transactions, the transferor's continuing exposure to the transferred financial assets, and the presentation of the components of the transaction in the financial statements, an entity shall disclose the following for outstanding transactions at the reporting date that meet the scope guidance in paragraphs [860-20-50-4A through 50-4B](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4A) by type of transaction (for example, [repurchase agreement](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "An agreement under which the transferor (repo party) transfers a financial asset to a transferee (repo counterparty or reverse party) in exchange for cash and concurrently agrees to reacquire that financial asset at a future date for an amount equal to the cash exchanged plus or minus a stipulated interest factor. Instead of cash, other securities or letters of credit sometimes are exchanged. Some repurchase agreements call for repurchase of financial assets that need not be identical to the financial assets transferred."), securities lending transaction, and sale and total return swap) (except for those transactions that are excluded from the scope, as described in paragraph [860-20-50-4C](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4C)): 1. a The carrying amount of assets derecognized as of the date of derecognition: 1. 1 If the amounts that have been derecognized have changed significantly from the amounts that have been derecognized in prior periods or are not representative of the activity throughout the period, a discussion of the reasons for the change shall be disclosed. 2. b The amount of gross cash proceeds received by the transferor for the assets derecognized as of the date of derecognition. 3. c Information about the transferor's ongoing exposure to the economic return on the transferred financial assets: 1. 1 As of the reporting date, the fair value of assets derecognized by the transferor. 2. 2 Amounts reported in the statement of financial position arising from the transaction (for example, the carrying value or fair value of forward repurchase agreements or swap contracts). To the extent that those amounts are captured in the derivative disclosures presented in accordance with paragraph [815-10-50-4B](https://asc.understandingaccounting.org/asc/815/10/#815-10-50-4B), an entity shall provide a cross-reference to the appropriate line item in that disclosure. 3. 3 A description of the arrangements that result in the transferor retaining substantially all of the exposure to the economic return on the transferred financial assets and the risks related to those arrangements. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)To provide an understanding of the nature of the transactions, the transferor's continuing exposure to the transferred financial assets, and the presentation of the components of the transaction in the financial statements, an entity shall disclose the following for outstanding transactions at the interim and annual reporting dates that meet the scope guidance in paragraphs [860-20-50-4A through 50-4B](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4A) by type of transaction (for example, [repurchase agreement](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "An agreement under which the transferor (repo party) transfers a financial asset to a transferee (repo counterparty or reverse party) in exchange for cash and concurrently agrees to reacquire that financial asset at a future date for an amount equal to the cash exchanged plus or minus a stipulated interest factor. Instead of cash, other securities or letters of credit sometimes are exchanged. Some repurchase agreements call for repurchase of financial assets that need not be identical to the financial assets transferred."), securities lending transaction, and sale and total return swap) (except for those transactions that are excluded from the scope, as described in paragraph [860-20-50-4C](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-4C)): 1. a The carrying amount of assets derecognized as of the date of derecognition: 1. 1 If the amounts that have been derecognized have changed significantly from the amounts that have been derecognized in prior periods or are not representative of the activity throughout the period, a discussion of the reasons for the change shall be disclosed. 2. b The amount of gross cash proceeds received by the transferor for the assets derecognized as of the date of derecognition. 3. c Information about the transferor's ongoing exposure to the economic return on the transferred financial assets: 1. 1 As of the reporting date, the fair value of assets derecognized by the transferor. 2. 2 Amounts reported in the statement of financial position arising from the transaction (for example, the carrying value or fair value of forward repurchase agreements or swap contracts). To the extent that those amounts are captured in the derivative disclosures presented in accordance with paragraph [815-10-50-4B](https://asc.understandingaccounting.org/asc/815/10/#815-10-50-4B), an entity shall provide a cross-reference to the appropriate line item in that disclosure. 3. 3 A description of the arrangements that result in the transferor retaining substantially all of the exposure to the economic return on the transferred financial assets and the risks related to those arrangements. ##### [860-20-50-5](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-5) Pending content: yes Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:9a3c2bdfa177662cdf798c77bd32af1fd6b83308ab7d0ad06684ca082a9b3974 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The aggregate amount of gains or losses on sales of loans or trade receivables (including adjustments to record loans held for sale at the lower of amortized cost basis or fair value) shall be presented separately in the financial statements or disclosed in the notes to financial statements. See Topic 310 on receivables and Topic 326 on measurement of credit losses for a full discussion of disclosure requirements for loans and trade receivables. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, the aggregate amount of gains or losses on sales of loans or trade receivables (including adjustments to record loans held for sale at the lower of amortized cost basis or fair value) shall be presented separately in the financial statements or disclosed in the notes to financial statements. See Topic 310 on receivables and Topic 326 on measurement of credit losses for a full discussion of disclosure requirements for loans and trade receivables. ##### [860-20-50-6](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:42.500Z to 2026-09-10T02:06:42.500Z Record version: sha256:84920fd220d62dab80b00f42cc199933208a837906de22d1089f8ba00911848d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraphs 860-20-50-6 through 50-9 superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/asc/860/20/#860-20-50-6).