{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/860/30/#60-relationships","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":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":null,"heading":"Balance Sheet","paragraphs":[{"citation":"860-30-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"> <span class=\"sfragment\" id=\"sfr_F98461CF-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the conditions that must be met for an entity to be permitted to offset amounts recognized as payables under <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 agreements accounted for as collateralized borrowings</span></a> and amounts recognized as receivables under <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 agreements accounted for as collateralized borrowings</span></a>, see paragraphs <div class=\"xref-range displayInline\"><a href=\"/asc/210/20/#210-20-45-11\" class=\"xref\">210-20-45-11 through 45-12</a></div>. </span></span> </div> </div>","snippet":"For the conditions that must be met for an entity to be permitted to offset amounts recognized as payables under repurchase agreements accounted for as collateralized borrowings and amounts recognized as receivables unde…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff18efdb3d51918803167664913573028fb5386b10e0662e4a12f6cb51bfaced","downloaded_from":"2026-09-10T02:07:27.942Z","last_downloaded_at":"2026-09-10T02:07:27.942Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481367","source_sha256":"3614ab0c85838749b5bd83264cc145734fc96f47cc83032724456e93c55982c3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:320fcf968a64598c2cc94923f8b2f19e0ab8447e087c18f870889d3bd2b726bf","downloaded_from":"2026-09-10T02:07:27.942Z","last_downloaded_at":"2026-09-10T02:07:27.942Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481367","source_sha256":"3614ab0c85838749b5bd83264cc145734fc96f47cc83032724456e93c55982c3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ab1d697f6acc91affc2e0198ad82387e52de382bec998066366dd762ca9d4fc","downloaded_from":"2026-09-10T02:07:27.942Z","last_downloaded_at":"2026-09-10T02:07:27.942Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481367","source_sha256":"3614ab0c85838749b5bd83264cc145734fc96f47cc83032724456e93c55982c3"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9ab1d697f6acc91affc2e0198ad82387e52de382bec998066366dd762ca9d4fc","downloaded_from":"2026-09-10T02:07:27.942Z","last_downloaded_at":"2026-09-10T02:07:27.942Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481367","source_sha256":"3614ab0c85838749b5bd83264cc145734fc96f47cc83032724456e93c55982c3"}}