# ASC 860-30-30: Transfers and Servicing — Secured Borrowing and Collateral — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/860/30/#30-initial-measurement)

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## ASC 860-30-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/860/30/#30-initial-measurement)

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#### Noncash Collateral

##### [860-30-30-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-30-1)

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Noncash [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given.") recognized by the secured party as its asset under paragraph [860-30-25-5(c)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) that the secured party has not already sold shall be initially measured at fair value.