{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/30/#00-status","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"860","topic_title":"Transfers and Servicing","subtopic":"860-30","subtopic_title":"Secured Borrowing and Collateral","section":{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"860-30-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div><div class=\"norm-text\"><table class=\"asc-table\" id=\"SL6230007-165344\"><tr><td class=\"entry\"><strong class=\"ph b\">Paragraph</strong></td><td class=\"entry\"><strong class=\"ph b\">Action</strong></td><td class=\"entry\"><strong class=\"ph b\">Accounting Standards Update</strong></td><td class=\"entry\"><strong class=\"ph b\">Date</strong></td></tr><tr><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td><td class=\"entry\"></td></tr><tr><td class=\"entry\"><a href=\"/glossary/b/#beneficial-interests\" class=\"term\" title=\"Rights to receive all or portions of specified cash inflows received by a trust or other entity, including, but not limited to, all of the following: Senior and subordinated shares of interest, principal, or other cash inflows to be passed-through or paid-through Premiums due to guarantors Commercial paper obligations Residual interests, whether in the form of debt or equity.\"><span>Beneficial Interests</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/glossary/f/#financial-asset\" class=\"term\" title=\"Cash, evidence of an ownership interest in an entity, or a contract that conveys to one entity a right to do either of the following: Receive cash or another financial instrument from a second entity Exchange other financial instruments on potentially favorable terms with the second entity.\"><span>Financial Asset</span></a> (2nd def.)</td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2016-19/\" class=\"xref\">Accounting Standards Update No. 2016-19</a></td><td class=\"entry\">12/14/2016</td></tr><tr><td class=\"entry\"><a href=\"/glossary/n/#not-for-profit-entity\" class=\"term\" title=\"An entity that possesses the following characteristics, in varying degrees, that distinguish it from a business entity: Contributions of significant amounts of resources from resource providers who do not expect commensurate or proportionate pecuniary return Operating purposes other than to provide goods or services at a profit Absence of ownership interests like those of business entities. Entities that clearly fall outside this definition include the following: All investor-owned entities Entities that provide dividends, lower costs, or other economic benefits directly and proportionately to their owners, members, or participants, such as mutual insurance entities, credit unions, farm and rural electric cooperatives, and employee benefit plans.\"><span>Not-for-Profit Entity</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/p/#public-business-entity\" class=\"term\" title=\"A public business entity is a business entity meeting any one of the criteria below. Neither a not-for-profit entity nor an employee benefit plan is a business entity. It is required by the U.S. Securities and Exchange Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements (including voluntary filers), with the SEC (including other entities whose financial statements or financial information are required to be or are included in a filing). It is required by the Securities Exchange Act of 1934 (the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC. It is required to file or furnish financial statements with a foreign or domestic regulatory agency in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer. It has issued, or is a conduit bond obligor for, securities that are traded, listed, or quoted on an exchange or an over-the-counter market. It has one or more securities that are not subject to contractual restrictions on transfer, and it is required by law, contract, or regulation to prepare U.S. GAAP financial statements (including notes) and make them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet both of these conditions to meet this criterion. An entity may meet the definition of a public business entity solely because its financial statements or financial information is included in another entity's filing with the SEC. In that case, the entity is only a public business entity for purposes of financial statements that are filed or furnished with the SEC.\"><span>Public Business Entity</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#repurchase-agreement\" class=\"term\" title=\"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.\"><span>Repurchase Agreement</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#repurchase-agreement-accounted-for-as-a-collateralized-borrowing\" class=\"term\" title=\"A repurchase agreement (repo) refers to a transaction in which a seller-borrower of securities sells those securities to a buyer-lender with an agreement to repurchase them at a stated price plus interest at a specified date or in specified circumstances. A repurchase agreement accounted for as a collateralized borrowing is a repo that does not qualify for sale accounting under Topic 860. The payable under a repurchase agreement accounted for as a collateralized borrowing refers to the amount of the seller-borrower's obligation recognized for the future repurchase of the securities from the buyer-lender. In certain industries, the terminology is reversed; that is, entities in those industries refer to this type of agreement as a reverse repo.\"><span>Repurchase Agreement Accounted for as a Collateralized Borrowing</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#repurchase-to-maturity-transaction\" class=\"term\" title=\"A repurchase agreement in which the settlement date of the agreement to repurchase a transferred financial asset is at the maturity date of that financial asset and the agreement would not require the transferor to reacquire the financial asset.\"><span>Repurchase-to-Maturity Transaction</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/r/#reverse-repurchase-agreement-accounted-for-as-a-collateralized-borrowing\" class=\"term\" title=\"A reverse repurchase agreement accounted for as a collateralized borrowing (also known as a reverse repo) refers to a transaction that is accounted for as a collateralized lending in which a buyer-lender buys securities with an agreement to resell them to the seller-borrower at a stated price plus interest at a specified date or in specified circumstances. The receivable under a reverse repurchase agreement accounted for as a collateralized borrowing refers to the amount due from the seller-borrower for the repurchase of the securities from the buyer-lender. In certain industries, the terminology is reversed; that is, entities in those industries refer to this type of agreement as a repo.\"><span>Reverse Repurchase Agreement Accounted for as a Collateralized Borrowing</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/glossary/s/#security\" class=\"term\" title=\"A share, participation, or other interest in property or in an entity of the issuer or an obligation of the issuer that has all of the following characteristics: It is either represented by an instrument issued in bearer or registered form or, if not represented by an instrument, is registered in books maintained to record transfers by or on behalf of the issuer. It is of a type commonly dealt in on securities exchanges or markets or, when represented by an instrument, is commonly recognized in any area in which it is issued or dealt in as a medium for investment. It either is one of a class or series or by its terms is divisible into a class or series of shares, participations, interests, or obligations.\"><span>Security</span></a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/glossary/t/#transferee\" class=\"term\" title=\"An entity that receives a financial asset, an interest in a financial asset, or a group of financial assets from a transferor.\"><span>Transferee</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/glossary/t/#transferor\" class=\"term\" title=\"An entity that transfers a financial asset, an interest in a financial asset, or a group of financial assets that it controls to another entity.\"><span>Transferor</span></a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-10-1\" class=\"xref\">860-30-10-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-15-1\" class=\"xref\">860-30-15-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-25-2\" class=\"xref\">860-30-25-2</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-25-6\" class=\"xref\">860-30-25-6</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-25-7\" class=\"xref\">860-30-25-7</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-45-2\" class=\"xref\">860-30-45-2</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-45-2A\" class=\"xref\">860-30-45-2A</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-45-3\" class=\"xref\">860-30-45-3</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-45-3\" class=\"xref\">860-30-45-3</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/asc-pdf/GUID-7929A3F4-4488-4F75-82C9-194804984E05.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2015-11 (PDF)</a></td><td class=\"entry\">06/19/2015</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-1\" class=\"xref\">860-30-50-1</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-1A\" class=\"xref\">860-30-50-1A</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2025-11/\" class=\"xref\">Accounting Standards Update No. 2025-11</a></td><td class=\"entry\">12/08/2025</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-1A\" class=\"xref\">860-30-50-1A</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-2\" class=\"xref\">860-30-50-2 through 50-5</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2009-16/\" class=\"xref\">Accounting Standards Update No. 2009-16</a></td><td class=\"entry\">12/23/2009</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-6\" class=\"xref\">860-30-50-6</a></td><td class=\"entry\">Superseded</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-6\" class=\"xref\">860-30-50-6</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2013-01/\" class=\"xref\">Accounting Standards Update No. 2013-01</a></td><td class=\"entry\">01/31/2013</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-7\" class=\"xref\">860-30-50-7</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-7\" class=\"xref\">860-30-50-7</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-8\" class=\"xref\">860-30-50-8</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-50-9\" class=\"xref\">860-30-50-9 through 50-12</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-55-4\" class=\"xref\">860-30-55-4</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2023-06/\" class=\"xref\">Accounting Standards Update No. 2023-06</a></td><td class=\"entry\">10/09/2023</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-55-4\" class=\"xref\">860-30-55-4</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/asc-pdf/GUID-8C0B93FE-237A-4BFA-8880-FE749B3CAFCB.pdf\" class=\"pdf-link\" target=\"_blank\" rel=\"noopener\">Maintenance Update 2016-11 (PDF)</a></td><td class=\"entry\">06/27/2016</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-55-4\" class=\"xref\">860-30-55-4</a></td><td class=\"entry\">Added</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr><tr><td class=\"entry\"><a href=\"/asc/860/30/#860-30-60-1\" class=\"xref\">860-30-60-1</a></td><td class=\"entry\">Amended</td><td class=\"entry\"><a href=\"/updates/asu-2014-11/\" class=\"xref\">Accounting Standards Update No. 2014-11</a></td><td class=\"entry\">06/12/2014</td></tr></table></div></div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nBeneficial Interests | Amended | Accounting Standards Update No. 2009-16 | 12/23/2009 |\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:79f627156406ad42a071ae5d613e9f4d655aa089b26e0a7b2375d027bfa45ebf","downloaded_from":"2026-09-10T02:06:50.852Z","last_downloaded_at":"2026-09-10T02:06:50.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481238","source_sha256":"21a9aaaf2a1161a5f4b5778b728801e96848c180e25b3e00210700fe02503bfa"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f4b49fe5c6d89eea2afcbcfae3444e61c1b3441462d466d1ac17b6ea257822bc","downloaded_from":"2026-09-10T02:06:50.852Z","last_downloaded_at":"2026-09-10T02:06:50.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481238","source_sha256":"21a9aaaf2a1161a5f4b5778b728801e96848c180e25b3e00210700fe02503bfa"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12afe4575ebadeaba234c4b82902d7d343deb1e19e248e143885131ac47e1ebb","downloaded_from":"2026-09-10T02:06:50.852Z","last_downloaded_at":"2026-09-10T02:06:50.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481238","source_sha256":"21a9aaaf2a1161a5f4b5778b728801e96848c180e25b3e00210700fe02503bfa"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:12afe4575ebadeaba234c4b82902d7d343deb1e19e248e143885131ac47e1ebb","downloaded_from":"2026-09-10T02:06:50.852Z","last_downloaded_at":"2026-09-10T02:06:50.852Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481238","source_sha256":"21a9aaaf2a1161a5f4b5778b728801e96848c180e25b3e00210700fe02503bfa"}}