# ASC 860-30-45: Transfers and Servicing — Secured Borrowing and Collateral — 45 Other Presentation Matters Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/860/30/#45-other-presentation-matters) 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): 2026-09-10T02:07:18.940Z to 2026-09-10T02:07:18.940Z Record version: sha256:268ec528c54950fb88d078810c39da4875666124be6bf6ff0b4684d19cc2562e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/860/30/#45-other-presentation-matters) SEC content: no ##### [860-30-45-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:18.940Z to 2026-09-10T02:07:18.940Z Record version: sha256:548c44f4460924ee01d32213d60b47cebbc1129fc0790023a311069030b73916 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If the secured party ([transferee](https://asc.understandingaccounting.org/glossary/t/#transferee "An entity that receives a financial asset, an interest in a financial asset, or a group of financial assets from a transferor.")) has the right by contract or custom to sell or repledge the [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."), then the obligor ([transferor](https://asc.understandingaccounting.org/glossary/t/#transferor "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.")) shall reclassify that asset and report that asset in its statement of financial position separately (for example, as security pledged to creditors) from other assets not so encumbered. ##### [860-30-45-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-2) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:18.940Z to 2026-09-10T02:07:18.940Z Record version: sha256:a01e7567f23d95a9c784ed6883e9906a3edfd44ad5e2ab947caa08a1d06e38c4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Liabilities incurred by either the secured party or obligor in securities borrowing or resale transactions shall be separately classified. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7) Liabilities , including accrued interest, incurred by either the secured party or obligor in securities borrowing or resale transactions shall be separately classified. ##### [860-30-45-2A](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-2A) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:18.940Z to 2026-09-10T02:07:18.940Z Record version: sha256:48942ce779ac78cca3cb4620e4c57e0dba09a02901860b441832002c440804c2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7) If as of the date of the most recent statement of financial position the aggregate carrying amount of reverse repurchase agreements (securities or other assets purchased under agreements to resell) exceeds 10 percent of total assets, the assets shall be separately classified. ##### [860-30-45-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-3) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:18.940Z to 2026-09-10T02:07:18.940Z Record version: sha256:2fe75046c0a363e2ebb926ae7ac5c1827513c476b32cb135ba977e2f0201a2e7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section does not specify the classification or the terminology to be used to describe the following: 1. a Pledged assets reclassified by the transferor of securities loaned or transferred under a [repurchase agreement accounted for as a collateralized borrowing](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement-accounted-for-as-a-collateralized-borrowing "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.") if the transferee is permitted to sell or repledge those securities 2. b Liabilities incurred by either the secured party or obligor in securities borrowing or resale transactions. Example 1 (see paragraph [860-30-55-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-1)) illustrates possible classifications and terminology. Transition date:(P) June 30, 2027; (N) June 30, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7) This Section does not specify the classification or the terminology to be used to describe the following: 1. a Pledged assets reclassified by the transferor of securities loaned or transferred under a [repurchase agreement accounted for as a collateralized borrowing](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement-accounted-for-as-a-collateralized-borrowing "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.") if the transferee is permitted to sell or repledge those securities 2. b Liabilities, including accrued interest, incurred by either the secured party or obligor in securities borrowing or resale transactions. Example 1 (see paragraph [860-30-55-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-1)) illustrates possible classifications and terminology.