{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/30/#15-scope-and-scope-exceptions","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":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"860-30-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-A484470F-6CA0-4A2E-A612-129C6123E6B4.ditamap\" class=\"ditamap\">860-10-15</a>, with specific transaction qualifications noted below. </div> <div class=\"div pending-text\" id=\"d3e112919-111723__GUID-8557BC5B-824B-499C-A284-B39824F19734\"> <div class=\"div date-effective\"><span class=\"transition-header\">Transition date:</span><span class=\"p-alphabet\">(P) June 30, 2027; (N) June 30, 2027</span><span class=\"transition-header pipe-separator\">Transition guidance:</span></div> <a href=\"/asc/105/10/#105-10-65-7\" class=\"xref\">105-10-65-7</a> This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-A484470F-6CA0-4A2E-A612-129C6123E6B4.ditamap\" class=\"ditamap\">860-10-15</a>, with specific transaction qualifications noted below. <span class=\"sfragment\" id=\"GUID-B0D701B5-9E70-420A-9278-544C3AE052EC\"><span class=\"sfragment-source\">Paragraph <a href=\"/asc/860/30/#860-30-50-7\" class=\"xref\">860-30-50-7(d)</a> applies to <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 entities</span></a> only.</span></span> </div> </div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 860-10-15, with specific transaction qualifications noted below. Transition date:(P) June 30, 2027; (N) June 30, …","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d9a8576d9fcb16ba3d4818d5e436385845670381397c55d347b2dfcce536bb11","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:58c98f87abc37c4b5426010a1dbfd16a72bc40edda39332ffbcd988a49ff89c8","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}},{"block":null,"heading":"Transactions","paragraphs":[{"citation":"860-30-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_F8B35441-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The <a href=\"/glossary/c/#collateral\" class=\"term\" title=\"Personal or real property in which a security interest has been given.\"><span>collateral</span></a> accounting provisions of paragraphs <a href=\"/asc/860/30/#860-30-25-5\" class=\"xref\">860-30-25-5</a>, <a href=\"/asc/860/30/#860-30-30-1\" class=\"xref\">860-30-30-1</a>, and <a href=\"/asc/860/30/#860-30-45-1\" class=\"xref\">860-30-45-1</a> apply to all <a href=\"/glossary/t/#transfer\" class=\"term\" title=\"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.\"><span>transfers</span></a> of financial assets pledged as collateral in a transaction accounted for as a secured borrowing. </span></span> </div> </div>","snippet":"The collateral accounting provisions of paragraphs 860-30-25-5, 860-30-30-1, and 860-30-45-1 apply to all transfers of financial assets pledged as collateral in a transaction accounted for as a secured borrowing.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5f67dd489d5b0f1563fd989ffc48e8284d0499ba12ba649af686c5f2b625c50d","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}},{"citation":"860-30-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_F8B355EA-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The guidance in this Subtopic applies to many </span></span> <span class=\"sfragment\" id=\"sfr_F8B3573D-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> types of transactions </span></span> <span class=\"sfragment\" id=\"sfr_F8B35879-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">in which cash is obtained in exchange for financial assets with an obligation for an opposite exchange later. For example, that guidance may apply to any of the following types of transactions with those characteristics: </span></span> <ol class=\"ol-norm\"> <li class=\"li-norm\"><span class=\"linum\">a</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F8B359D7-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> <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 agreements</span></a> </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">b</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F8B35B16-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Dollar rolls </span></span> </div> </li> <li class=\"li-norm\"><span class=\"linum\">c</span> <div class=\"p\"> <span class=\"sfragment\" id=\"sfr_F8B35C59-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Securities lending transactions. </span></span> </div> </li> </ol> </div> </div>","snippet":"The guidance in this Subtopic applies to many types of transactions in which cash is obtained in exchange for financial assets with an obligation for an opposite exchange later. For example, that guidance may apply to an…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a036eb64b0deb801d5f72e1df9af71ab9e4518a6f5eabd72432b529c9dfef39e","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:67a1562283a2beee6c755e1ccc7d954d768758930ea25c729018ad904f085888","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37aa8e224309372b75cca3de674801293c5d9d05ccd7d8f2f2f25b75bfc0464f","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37aa8e224309372b75cca3de674801293c5d9d05ccd7d8f2f2f25b75bfc0464f","downloaded_from":"2026-09-10T02:07:00.073Z","last_downloaded_at":"2026-09-10T02:07:00.073Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481153","source_sha256":"aa2664719748e16d0a9b5050ef950b82edbef1412c7076c43fbfb915c3469405"}}