# ASC 860-30: Transfers and Servicing — Secured Borrowing and Collateral Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/860/30/) 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): 2026-09-10T02:06:50.852Z to 2026-09-10T02:07:35.766Z Record version: sha256:df3992702252c3d0123e92117ba00f6581e3898ed9121853c4faab39a4410f2a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30: Transfers and Servicing — Secured Borrowing and Collateral ### Machine-generated study aids ```json { "summary": "ASC 860-30 governs transfers of financial assets that fail the sale conditions and therefore must be accounted for as secured borrowings, plus the accounting for collateral pledged in such transactions. The transferor keeps the transferred asset on its balance sheet with no change in measurement basis (860-30-25-2), reclassifying it separately (e.g., \"securities pledged to creditors\") if the secured party may sell or repledge it (860-30-45-1). Cash collateral — and securities collateral the holder may sell or repledge — is treated as proceeds of a borrowing rather than as collateral, and is recognized as an asset by the recipient with a corresponding obligation to return it (860-30-25-3, 25-8).", "key_points": [ "A transfer is accounted for as a secured borrowing with pledge of collateral if it fails the sale conditions of 860-10-40-5, or if a transfer of a portion of an entire financial asset does not meet the participating interest definition; the transferor continues to report the asset with no change in its basis of accounting (860-30-25-2).", "All cash collateral is recorded as an asset by the secured party receiving it with a liability to return it, and as a receivable by the obligor, because cash transfers cannot be distinguished from borrowing cash (860-30-25-3).", "Cash, or securities the holder may sell or repledge, received as 'collateral' for noncash financial assets (e.g., securities lending) is not collateral accounting but proceeds of a sale or borrowing (860-30-25-4, 25-8, 25-9).", "Noncash collateral accounting depends on the secured party's right to sell or repledge and on default: if that right exists the obligor reclassifies and separately reports the asset (860-30-25-5(a), 860-30-45-1); if the secured party sells the collateral it recognizes the proceeds and an obligation to return the collateral (860-30-25-5(b)); otherwise the obligor keeps the asset and the secured party recognizes nothing (860-30-25-5(d)).", "On the obligor's default with no right of redemption, the obligor derecognizes the pledged asset and the secured party recognizes it, initially measured at fair value if not already sold; a secured party that already sold the collateral derecognizes its return obligation (860-30-25-5(c), 860-30-30-1, 860-30-40-1).", "Reclassified pledged collateral continues to be measured under the same principles as before the transfer (e.g., AFS at fair value through OCI, HTM at amortized cost) (860-30-35-2), while the obligation to return collateral is measured under other guidance (banks selling collateral measure it like a short sale at fair value per 942-405-35-1).", "Required disclosures include collateral policies, carrying amounts of pledged assets not reclassified and associated liabilities, fair value of accepted collateral permitted to be sold or repledged and the portion sold or repledged (860-30-50-1A), and for repos, securities lending, and repurchase-to-maturity transactions, disaggregation of the gross obligation by class of collateral, remaining contractual maturity, and risk discussion (860-30-50-7)." ], "categories": [ "Financial instruments", "Recognition", "Derecognition", "Disclosure" ], "audience_level": "intermediate", "student_note": "This is the default landing spot whenever a transfer fails sale accounting under 860-10-40-5 — repos, dollar rolls, and securities lending — so know that the transferor keeps the asset at its old measurement basis and simply books a borrowing. The classic trap is applying \"collateral\" accounting to cash received in a securities lending deal: cash (and securities that can be sold or repledged) is proceeds of a borrowing, not collateral.", "related_topics": [ "860-10", "860-20", "210-20", "320", "942-405", "405" ], "key_concepts": [ "secured borrowing", "collateral pledged", "right to sell or repledge", "repurchase agreement", "securities lending transaction", "failed sale treatment", "obligation to return collateral", "amount at risk" ] } ``` Source downloaded (UTC): 2026-09-10T02:06:50.852Z to 2026-09-10T02:06:50.852Z Record version: sha256:12afe4575ebadeaba234c4b82902d7d343deb1e19e248e143885131ac47e1ebb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/860/30/#00-status) SEC content: no ##### [860-30-00-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:50.852Z to 2026-09-10T02:06:50.852Z Record version: sha256:79f627156406ad42a071ae5d613e9f4d655aa089b26e0a7b2375d027bfa45ebf Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
Beneficial InterestsAmendedAccounting Standards Update No. 2009-1612/23/2009
Financial Asset (2nd def.)AmendedAccounting Standards Update No. 2016-1912/14/2016
Not-for-Profit EntityAddedAccounting Standards Update No. 2023-0610/09/2023
Public Business EntityAddedAccounting Standards Update No. 2023-0610/09/2023
Repurchase AgreementAddedAccounting Standards Update No. 2014-1106/12/2014
Repurchase Agreement Accounted for as a Collateralized BorrowingAddedAccounting Standards Update No. 2014-1106/12/2014
Repurchase-to-Maturity TransactionAddedAccounting Standards Update No. 2014-1106/12/2014
Reverse Repurchase Agreement Accounted for as a Collateralized BorrowingAddedAccounting Standards Update No. 2014-1106/12/2014
SecurityAddedAccounting Standards Update No. 2023-0610/09/2023
TransfereeAmendedAccounting Standards Update No. 2009-1612/23/2009
TransferorAmendedAccounting Standards Update No. 2009-1612/23/2009
860-30-10-1SupersededAccounting Standards Update No. 2009-1612/23/2009
860-30-15-1AmendedAccounting Standards Update No. 2023-0610/09/2023
860-30-25-2AmendedAccounting Standards Update No. 2009-1612/23/2009
860-30-25-6AmendedAccounting Standards Update No. 2014-1106/12/2014
860-30-25-7AmendedAccounting Standards Update No. 2009-1612/23/2009
860-30-45-2AmendedAccounting Standards Update No. 2023-0610/09/2023
860-30-45-2AAddedAccounting Standards Update No. 2023-0610/09/2023
860-30-45-3AmendedAccounting Standards Update No. 2023-0610/09/2023
860-30-45-3AmendedMaintenance Update 2015-11 (PDF)06/19/2015
860-30-50-1SupersededAccounting Standards Update No. 2009-1612/23/2009
860-30-50-1AAmendedAccounting Standards Update No. 2025-1112/08/2025
860-30-50-1AAmendedAccounting Standards Update No. 2009-1612/23/2009
860-30-50-2 through 50-5SupersededAccounting Standards Update No. 2009-1612/23/2009
860-30-50-6SupersededAccounting Standards Update No. 2014-1106/12/2014
860-30-50-6AddedAccounting Standards Update No. 2013-0101/31/2013
860-30-50-7AmendedAccounting Standards Update No. 2023-0610/09/2023
860-30-50-7AddedAccounting Standards Update No. 2014-1106/12/2014
860-30-50-8AddedAccounting Standards Update No. 2014-1106/12/2014
860-30-50-9 through 50-12AddedAccounting Standards Update No. 2023-0610/09/2023
860-30-55-4AmendedAccounting Standards Update No. 2023-0610/09/2023
860-30-55-4AmendedMaintenance Update 2016-11 (PDF)06/27/2016
860-30-55-4AddedAccounting Standards Update No. 2014-1106/12/2014
860-30-60-1AmendedAccounting Standards Update No. 2014-1106/12/2014
Source downloaded (UTC): 2026-09-10T02:06:53.375Z to 2026-09-10T02:06:53.375Z Record version: sha256:d6cba50b3f07951d52b18a53e64c6105c1636fc6d1457c2d78ce7774b5eb49a8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/860/30/#05-overview-and-background) SEC content: no ##### [860-30-05-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:53.375Z to 2026-09-10T02:06:53.375Z Record version: sha256:1533d8e48df0f15ecbf043ab83485bd7c0a2f5a490d04679ec90ec364af11dd6 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance on transactions that are accounted for as secured borrowings with a [transfer](https://asc.understandingaccounting.org/glossary/t/#transfer "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.") of [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."). ##### [860-30-05-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:53.375Z to 2026-09-10T02:06:53.375Z Record version: sha256:de2493b040fe7435ba279b8f211ce3572a332336423b7536accf18fe7d72483e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A debtor (obligor) may grant a [security interest](https://asc.understandingaccounting.org/glossary/s/#security-interest "A form of interest in property that provides that upon default of the obligation for which the security interest is given, the property may be sold to satisfy that obligation.") in certain assets to a lender (the secured party) to serve as collateral for its obligation under a borrowing, with or without [recourse](https://asc.understandingaccounting.org/glossary/r/#recourse "The right of a transferee of receivables to receive payment from the transferor of those receivables for any of the following: Failure of debtors to pay when due The effects of prepayments Adjustments resulting from defects in the eligibility of the transferred receivables.") to other assets of the obligor. An obligor under other kinds of current or potential obligations, for example, interest rate swaps, also may grant a security interest in certain assets to a secured party. ##### [860-30-05-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:53.375Z to 2026-09-10T02:06:53.375Z Record version: sha256:270cff9329762dd94844d64183dddb27d2b84d57e2e8fbac893a5509e437f789 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If collateral is transferred to the secured party, the custodial arrangement is commonly referred to as a pledge. Secured parties sometimes are permitted to sell or repledge (or otherwise transfer) collateral held under a pledge. The same relationships occur, under different names, in transfers documented as sales that are accounted for as secured borrowings (see paragraph [860-30-25-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-2)). Source downloaded (UTC): 2026-09-10T02:06:56.336Z to 2026-09-10T02:06:56.336Z Record version: sha256:232ac3262ec5a76e60aa60df25e18cf9cdcd4b7db0f20971e5c0ef90a20d249d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-10: 10 Objectives [Read section](https://asc.understandingaccounting.org/asc/860/30/#10-objectives) SEC content: no ##### [860-30-10-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-10-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:06:56.336Z to 2026-09-10T02:06:56.336Z Record version: sha256:9aa67e128cc466f156e30f2563a07b5c64664cccf2e0846254c6598e938afb73 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). Source downloaded (UTC): 2026-09-10T02:07:00.073Z to 2026-09-10T02:07:00.073Z Record version: sha256:37aa8e224309372b75cca3de674801293c5d9d05ccd7d8f2f2f25b75bfc0464f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/860/30/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [860-30-15-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-15-1) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:00.073Z to 2026-09-10T02:07:00.073Z Record version: sha256:d9a8576d9fcb16ba3d4818d5e436385845670381397c55d347b2dfcce536bb11 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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, 2027Transition guidance: [105-10-65-7](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-7) 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. Paragraph [860-30-50-7(d)](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-7) applies to [public business entities](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "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.") only. #### Transactions ##### [860-30-15-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:00.073Z to 2026-09-10T02:07:00.073Z Record version: sha256:5f67dd489d5b0f1563fd989ffc48e8284d0499ba12ba649af686c5f2b625c50d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given.") accounting provisions of paragraphs [860-30-25-5](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5), [860-30-30-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-30-1), and [860-30-45-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-1) apply to all [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "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.") of financial assets pledged as collateral in a transaction accounted for as a secured borrowing. ##### [860-30-15-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-15-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:00.073Z to 2026-09-10T02:07:00.073Z Record version: sha256:a036eb64b0deb801d5f72e1df9af71ab9e4518a6f5eabd72432b529c9dfef39e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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 any of the following types of transactions with those characteristics: 1. a [Repurchase agreements](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "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.") 2. b Dollar rolls 3. c Securities lending transactions. Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:e4491bedb80a7f9c923b4369aba5181067ca9877abe84750d08811c1bb1dd369 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/860/30/#25-recognition) SEC content: no ##### [860-30-25-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:b29758202a38c380cd6eda4238cc65c2b06edc85a83ffea85973809c24202b6e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section provides guidance on the recognition of [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "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.") of financial assets as secured borrowings with a pledge of [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."). It addresses the following areas: 1. a Cash collateral 2. b Noncash collateral 3. c Cash or securities received as proceeds 4. d Sales of collateral received. ##### [860-30-25-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:20cd86693870dbecb8d30f17843fbd0f5dbbf07b13a7dc47447364ab845f781e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The [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.") and [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.") shall account for a transfer as a secured borrowing with pledge of collateral in either of the following circumstances: 1. a If a transfer of an entire financial asset, a group of entire financial assets, or a [participating interest](https://asc.understandingaccounting.org/glossary/p/#participating-interest "Paragraph 860-10-40-6A defines the term participating interest.") in an entire financial asset does not meet the conditions for a sale in paragraph [860-10-40-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-5) 2. b If a transfer of a portion of an entire financial asset does not meet the definition of a participating interest. The transferor shall continue to report the transferred financial asset in its statement of financial position with no change in the asset's measurement (that is, basis of accounting). #### Cash Collateral ##### [860-30-25-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:dba8faa772c0e0e3e6cb14b14b3ff0541fc8c369ea33f779b894fdea1bdfecda Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Transfers of financial assets in exchange for cash collateral cannot be distinguished from borrowing cash. Further, because cash is fungible, it is impossible to determine whether it has been used by the secured party. Accordingly, all cash collateral shall be recorded as an asset by the party receiving it (the secured party), together with a liability for the obligation to return it to the payer (obligor), whose asset is a receivable. ##### [860-30-25-4](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-4) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:eb73771b39c1ed584ce679f181965c453be7aa3a3e479096428599c1c2f5a71a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Cash collateral used, for example, in securities lending transactions (see paragraphs [860-10-05-16 through 05-18](https://asc.understandingaccounting.org/asc/860/10/#860-10-05-16) ) shall be derecognized by the obligor and recognized by the secured party, not as collateral but rather as proceeds of either a sale or a borrowing. See paragraphs [860-30-25-6 through 25-9](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-6) for further discussion of recognition of cash and noncash collateral as proceeds of a transfer. #### Noncash Collateral ##### [860-30-25-5](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:783948140d3d6646d653e05fcda24b02db5c9fa5927340c94ad917b4c376585f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The accounting for noncash collateral by the obligor (or debtor) and the secured party depends on whether the secured party has the right to sell or repledge the collateral and on whether the obligor has defaulted. Noncash collateral shall be accounted for as follows: 1. a If the secured party (transferee) has the right by contract or custom to sell or repledge the collateral, then paragraph [860-30-45-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-1) requires that the obligor (transferor) 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. 2. b If the secured party (transferee) sells collateral pledged to it, it shall recognize the proceeds from the sale and its obligation to return the collateral. The sale of the collateral is a transfer subject to the provisions of this Topic. 3. c If the obligor (transferor) defaults under the terms of the secured contract and is no longer entitled to redeem the pledged asset, it shall [derecognize](https://asc.understandingaccounting.org/glossary/d/#derecognize "Remove previously recognized assets or liabilities from the statement of financial position.") the pledged asset as required by paragraph [860-30-40-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-40-1) and the secured party (transferee) shall recognize the collateral as its asset. (See paragraph [860-30-30-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-30-1) for guidance on the secured party's initial measurement of collateral recognized. See paragraph [860-30-40-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-40-1) for further guidance if the debtor has sold the collateral.) 4. d Except as provided in paragraph [860-30-40-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-40-1) the obligor (transferor) shall continue to carry the collateral as its asset, and the secured party (transferee) shall not recognize the pledged asset. #### Cash or Securities Received as Proceeds ##### [860-30-25-6](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:fbe8bf1934dacebb60a9580358543464b3e8f13ffc0c8683b9dc503b75e50a6d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [860-10-55-55A](https://asc.understandingaccounting.org/asc/860/10/#860-10-55-55A) discusses securities lending transactions in which the criteria in paragraph [860-10-40-5](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-5) for a sale are met. The following guidance relates to securities lending or similar transactions in which a transferor (lender) transfers securities and receives either cash or securities as collateral and the transfer does not meet the sale criteria in that paragraph. ##### [860-30-25-7](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-7) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:25b41ccdea2547d0d9e4b7dbd68f9409fff59387bdecf12374f931ab5666f30c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Many securities lending transactions are accompanied by an agreement that both entitles and obligates the transferor to repurchase or redeem the transferred financial assets before their maturity. Paragraph [860-10-40-24](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-24) states that an agreement that both entitles and obligates the transferor to repurchase or redeem transferred financial assets from the transferee maintains the transferor's effective control over those assets as described in paragraph [860-10-40-5(c)(1)](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-5), if all of the conditions in paragraph [860-10-40-24](https://asc.understandingaccounting.org/asc/860/10/#860-10-40-24) are met. Those transactions shall be accounted for as secured borrowings, in which either cash or securities that the holder is permitted by contract or custom to sell or repledge received as collateral are considered the amount borrowed, the securities loaned are considered pledged as collateral against the cash borrowed and reclassified as set forth in paragraph [860-30-25-5(a)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5), and any rebate paid to the transferee of securities is interest on the cash the transferor is considered to have borrowed. ##### [860-30-25-8](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:39fc569fec07b098a3b67a0755a9ab84753c899be45dfc529c3aa96a4867e7f1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In a securities lending transaction, the transferor of securities being loaned accounts for cash received in the same way whether the transfer is accounted for as a sale or a secured borrowing. Cash collateral or securities received as collateral that a securities lender is permitted to sell or repledge are the proceeds of a borrowing secured by them. The cash received shall be recognized as the transferor's asset, as shall investments made with that cash, even if made by [agents](https://asc.understandingaccounting.org/glossary/a/#agent "A party that acts for and on behalf of another party. For example, a third-party intermediary is an agent of the transferor if it acts on behalf of the transferor.") or in pools with other securities lenders, along with the obligation to return the cash. If securities that may be sold or repledged are received, the transferor of the securities being loaned accounts for those securities in the same way as it would account for cash received. See Example 1 (paragraph [860-30-55-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-1)) for an illustration of a securities lending transaction that is accounted for as a secured borrowing in which cash collateral is transferred. ##### [860-30-25-9](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-9) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:14e8125386de18dff42c3bd538db66baeeda22a39f4239b586580977020650fa Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. As noted in paragraphs [860-30-25-4](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-4) and [860-30-25-8](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-8), the collateral accounting provisions do not apply to cash, or securities that can be sold or pledged for cash, received as so-called collateral for noncash financial assets, for example, in certain securities lending transactions. Such cash or securities that can be sold or pledged for cash are accounted for as proceeds of either a sale or a borrowing. #### Sales of Collateral Held ##### [860-30-25-10](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-10) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:06.980Z to 2026-09-10T02:07:06.980Z Record version: sha256:c0ea6f2210bdef167f2425a1a86fe426b6c7261d24ef38132bd3ebf9a4b5930a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Obligations to return to the transferor assets borrowed and then sold have sometimes been effectively recognized as part of a liability for securities sold but not yet purchased, and this Section does not require any change in that practice. Source downloaded (UTC): 2026-09-10T02:07:08.800Z to 2026-09-10T02:07:08.800Z Record version: sha256:66f368463f2bdf5b7ed849323ed2b0740e944be9ba77ff7046b0700039d0bec0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/860/30/#30-initial-measurement) SEC content: no #### Noncash Collateral ##### [860-30-30-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:08.800Z to 2026-09-10T02:07:08.800Z Record version: sha256:441bcbe71d27be7782260e1dd9f06d9280946d0f408d6b430a8ece7500e928f7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. Source downloaded (UTC): 2026-09-10T02:07:12.876Z to 2026-09-10T02:07:12.876Z Record version: sha256:a6bb6c6228a4f0fb51fa8a531258f781b0b5780db9993a85eaf58cd9e1b2da2c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/860/30/#35-subsequent-measurement) SEC content: no ##### [860-30-35-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:12.876Z to 2026-09-10T02:07:12.876Z Record version: sha256:dab243f5ffae661300c60bf35af3f4b127086292de75de61ca4172518d619498 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section provides subsequent measurement guidance for the following assets and liabilities related to [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "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.") that are accounted for as secured borrowings: 1. a Pledged assets required to be reclassified 2. b Obligation to return transferred [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."). #### Pledged Assets Required to Be Reclassified ##### [860-30-35-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:12.876Z to 2026-09-10T02:07:12.876Z Record version: sha256:b179183f09fa3dbec736410ab3b86cd9c912c4bbf54221e7d48e6744f9c751d9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A [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.") that has transferred collateral that must be reclassified in accordance with paragraph [860-30-25-5(a)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) (for example, as securities pledged to creditors) shall not change its measurement of that collateral. The transferor shall follow the same measurement principles as before the transfer. For example, securities reclassified from the available-for-sale category to securities pledged to creditors should continue to be measured at fair value, with changes in fair value reported in comprehensive income, while debt securities reclassified from the held-to-maturity category to securities pledged to creditors should continue to be measured at amortized cost. See Topic 320 for guidance related to measurement of investments in securities classified as available for sale and held to maturity. #### Obligation to Return Transferred Collateral ##### [860-30-35-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:12.876Z to 2026-09-10T02:07:12.876Z Record version: sha256:3f19599a3413be4bdda22d6ff727b8fa952bd218317fbd3047f4a19f8cc532b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Section does not provide specific guidance on the subsequent measurement of the obligation to return transferred collateral. The liability to return the collateral shall be measured in accordance with other relevant accounting guidance. Paragraph [942-405-35-1](https://asc.understandingaccounting.org/asc/405/942/#405-942-35-1) requires that a bank or savings institution that, as [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."), sells transferred collateral subsequently measure that liability like a short sale at fair value. Source downloaded (UTC): 2026-09-10T02:07:15.071Z to 2026-09-10T02:07:15.071Z Record version: sha256:2500931f33b0e9ceacc007e071a3bcf692fcdc2508fe05d0cf2aa4226ea800ee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/860/30/#40-derecognition) SEC content: no ##### [860-30-40-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:15.071Z to 2026-09-10T02:07:15.071Z Record version: sha256:3d112176619b6f8b18dba50a36a7610d3c52c7139ebea0dad8fce21a8ceb3627 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In circumstances where an 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.")) [transfers](https://asc.understandingaccounting.org/glossary/t/#transfer "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.") noncash [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given.") in a secured borrowing and the obligor (transferor) defaults under the terms of the secured contract and is no longer entitled to redeem the pledged asset, the obligor shall [derecognize](https://asc.understandingaccounting.org/glossary/d/#derecognize "Remove previously recognized assets or liabilities from the statement of financial position.") the pledged asset. If the secured party has already sold the collateral, the secured party shall derecognize its obligation to return the collateral. ##### [860-30-40-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-40-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:15.071Z to 2026-09-10T02:07:15.071Z Record version: sha256:853d7e14ac95e5e68da6de85fa4aa83339b78322221c39c2249877d23000e94a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Otherwise paragraph [860-30-25-5(c)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) addresses the secured party's accounting for the collateral. 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. Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:d92a3920409239f60ef14d8d8620e242343dec6453efce5cfa3fa2c422a8b011 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/860/30/#50-disclosure) SEC content: no ##### [860-30-50-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:d53df0a458a3edf36709facecd642fccac778cbcda9ff9795c9d3ae1920c5959 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/updates/asu-2009-16/). ##### [860-30-50-1A](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-1A) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:701d8b31c18ad4f45e8d70b38bc9d1852e2ffe6c3f0bf7acaaa05646c270c933 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An entity shall disclose all of the following for [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."): 1. a If the entity has entered into [repurchase agreements](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "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.") or securities lending transactions, it shall disclose its policy for requiring collateral or other security. 2. b As of the date of the latest statement of financial position presented, both of the following: 1. 1 The carrying amount and classifications of both of the following: 1. i Any assets pledged as collateral that are not reclassified and separately reported in the statement of financial position in accordance with paragraph [860-30-25-5(a)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) 2. ii Associated liabilities. 2. 2 Qualitative information about the relationship(s) between those assets and associated liabilities; for example, if assets are restricted solely to satisfy a specific obligation, a description of the nature of restrictions placed on those assets. 3. c If the entity has accepted collateral that it is permitted by contract or custom to sell or repledge, it shall disclose all of the following: 1. 1 The fair value as of the date of each statement of financial position presented of that collateral 2. 2 The fair value as of the date of each statement of financial position presented of the portion of that collateral that it has sold or repledged 3. 3 Information about the sources and uses of that collateral. For overall guidance on Topic 860's disclosures, see Section 860-10-50. Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance: [270-10-65-1](https://asc.understandingaccounting.org/asc/270/10/#270-10-65-1)For interim and annual reporting periods, an entity shall disclose all of the following for [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."): 1. a If the entity has entered into [repurchase agreements](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "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.") or securities lending transactions, it shall disclose its policy for requiring collateral or other security. 2. b As of the date of the latest statement of financial position presented, both of the following: 1. 1 The carrying amount and classifications of both of the following: 1. i Any assets pledged as collateral that are not reclassified and separately reported in the statement of financial position in accordance with paragraph [860-30-25-5(a)](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-5) 2. ii Associated liabilities. 2. 2 Qualitative information about the relationship(s) between those assets and associated liabilities; for example, if assets are restricted solely to satisfy a specific obligation, a description of the nature of restrictions placed on those assets. 3. c If the entity has accepted collateral that it is permitted by contract or custom to sell or repledge, it shall disclose all of the following: 1. 1 The fair value as of the date of each statement of financial position presented of that collateral 2. 2 The fair value as of the date of each statement of financial position presented of the portion of that collateral that it has sold or repledged 3. 3 Information about the sources and uses of that collateral. For overall guidance on Topic 860's disclosures, see Section 860-10-50. ##### [860-30-50-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:752ade656159a7d0a676a84d36faf90722638d90f559d67ee47506e02f8b2e1e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraphs 860-30-50-2 through 50-5 superseded by Accounting Standards Update No. 2009-16](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-2). ##### [860-30-50-6](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:1f3e45103b48268a8412fb7b7c671ec4d967734c48f18190e584d472376d5b7b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2014-11](https://asc.understandingaccounting.org/updates/asu-2014-11/). #### Disclosures for Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions ##### [860-30-50-7](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-7) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:5dc6c9f072e87eeacd42cb9b319541f19dc727c0f1dd9c248421d037839c5997 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. To provide an understanding of the nature and risks of short-term collateralized financing obtained through [repurchase agreements](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "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."), securities lending transactions, and [repurchase-to-maturity transactions](https://asc.understandingaccounting.org/glossary/r/#repurchase-to-maturity-transaction "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."), that are accounted for as secured borrowings at the reporting date, an entity shall disclose the following information for each interim and annual period about the collateral pledged and the associated risks to which the transferor continues to be exposed after the transfer: 1. a A disaggregation of the gross obligation by the class of collateral pledged. An entity shall determine the appropriate level of disaggregation and classes to be presented on the basis of the nature, characteristics, and risks of the collateral pledged. 1. 1 Total borrowings under those agreements shall be reconciled to the amount of the gross liability for repurchase agreements and securities lending transactions disclosed in accordance with paragraph [210-20-50-3(a)](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-3) before any adjustments for offsetting. Any difference between the amount of the gross obligation disclosed under this paragraph and the amount disclosed in accordance with paragraph [210-20-50-3(a)](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-3) shall be presented as reconciling item(s). 2. b The remaining contractual maturity of the repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions. An entity shall use judgment to determine an appropriate range of maturity intervals that would convey an understanding of the overall maturity profile of the entity's financing agreements. 3. c A discussion of the potential risks associated with the agreements and related collateral pledged, including obligations arising from a decline in the fair value of the collateral pledged and how those risks are managed. 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)To provide an understanding of the nature and risks of short-term collateralized financing obtained through [repurchase agreements](https://asc.understandingaccounting.org/glossary/r/#repurchase-agreement "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."), securities lending transactions, and [repurchase-to-maturity transactions](https://asc.understandingaccounting.org/glossary/r/#repurchase-to-maturity-transaction "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."), that are accounted for as secured borrowings at the reporting date, an entity shall disclose the following information for each interim and annual period about the collateral pledged and the associated risks to which the transferor continues to be exposed after the transfer: 1. a A disaggregation of the gross obligation by the class of collateral pledged. An entity shall determine the appropriate level of disaggregation and classes to be presented on the basis of the nature, characteristics, and risks of the collateral pledged. 1. 1 Total borrowings under those agreements shall be reconciled to the amount of the gross liability for repurchase agreements and securities lending transactions disclosed in accordance with paragraph [210-20-50-3(a)](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-3) before any adjustments for offsetting. Any difference between the amount of the gross obligation disclosed under this paragraph and the amount disclosed in accordance with paragraph [210-20-50-3(a)](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-3) shall be presented as reconciling item(s). 2. b The remaining contractual maturity of the repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions. An entity shall use judgment to determine an appropriate range of maturity intervals that would convey an understanding of the overall maturity profile of the entity's financing agreements. 3. c A discussion of the potential risks associated with the agreements and related collateral pledged, including obligations arising from a decline in the fair value of the collateral pledged and how those risks are managed. 4. d For a [public business entity](https://asc.understandingaccounting.org/glossary/p/#public-business-entity "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."), the weighted-average interest rate of the repurchase liability and the related repurchase liability. ##### [860-30-50-8](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-8) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:9d29b336a271d5b3b660e890a4c6f4d6b560c28009bf59de6a57c16e9373665d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. A reporting entity also shall disclose the information required by paragraphs [210-20-50-1 through 50-6](https://asc.understandingaccounting.org/asc/210/20/#210-20-50-1) for both of the following that are either offset in accordance with Section 210-20-45 or subject to an enforceable master netting arrangement or similar agreement: 1. a Recognized [repurchase agreements 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.") and [reverse repurchase agreements accounted for as a collateralized borrowing](https://asc.understandingaccounting.org/glossary/r/#reverse-repurchase-agreement-accounted-for-as-a-collateralized-borrowing "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.") 2. b Recognized securities borrowing and securities lending transactions. #### Disclosures for Counterparty Risk for Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions ##### [860-30-50-9](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-9) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:1889f51f0d1ca3e22ac4ed8ff07cb02535c2f2e7a2525447a541a75999b0fbae 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 amount at risk under repurchase agreements or the amount at risk under reverse repurchase agreements with any individual counterparty or group of related counterparties exceeds 10 percent of stockholders’ equity, an entity shall disclose the name(s) of those counterparties or group of related counterparties, the amount at risk with each, and the weighted-average maturity of the repurchase agreements or reverse repurchase agreements with each. ##### [860-30-50-10](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-10) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:7b6ec1ea763c6c14b2c41011919c6dd91f92c89262a42f61b5829f7b16303e6c 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)As used in this Subtopic, the amount at risk under repurchase agreements is the excess of the carrying amount (or market value, if higher than the carrying amount or if there is no carrying amount) of the securities or other assets sold under agreement to repurchase, including accrued interest plus any cash or other assets on deposit to secure the repurchase obligation, over the amount of the repurchase liability (adjusted for accrued interest). ##### [860-30-50-11](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-11) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:1d63d3a4a0300a905d7cad211f4efe4aa8ddd2a82459c56100e78d36e7daaa64 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)As used in this Subtopic, the amount at risk under reverse repurchase agreements is the excess of the carrying amount of the reverse repurchase agreements over the market value of assets delivered in accordance with the agreements by the counterparty to an entity (or to a third-party agent that has affirmatively agreed to act on behalf of the entity) and not returned to the counterparty, except in exchange for their approximate market value in a separate transaction. ##### [860-30-50-12](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-12) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:22.316Z to 2026-09-10T02:07:22.316Z Record version: sha256:e56ca15f0a5850c2be1fdc7cdb3543c15cc4da1d333d1b40e8de47a3d9dca171 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 the aggregate carrying amount of reverse repurchase agreements exceeds 10 percent of total assets as described in paragraph [860-30-45-2A](https://asc.understandingaccounting.org/asc/860/30/#860-30-45-2A), an entity shall disclose whether there are any provisions to ensure that the market value of the underlying assets remains sufficient to protect the entity in the event that the counterparty defaults and, if so, the nature of those provisions. Source downloaded (UTC): 2026-09-10T02:07:24.620Z to 2026-09-10T02:07:24.620Z Record version: sha256:f9ed3ca1d6569fdeb0309685d7212ae87adc4539a3dd0048aa41d6d219c4abfd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-55: 55 Implementation Guidance and Illustrations [Read section](https://asc.understandingaccounting.org/asc/860/30/#55-implementation-guidance-and-illustrations) SEC content: no #### Illustrations ##### [860-30-55-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:24.620Z to 2026-09-10T02:07:24.620Z Record version: sha256:bae2c834ed3b083f1896b8b83b941911ecaf7e290bb1c5d14d89f8dc61918337 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates the guidance in paragraph [860-30-25-8](https://asc.understandingaccounting.org/asc/860/30/#860-30-25-8) related to accounting for a securities lending transaction treated as a secured borrowing, in which the securities borrower sells the securities upon receipt and later buys similar securities to return to the securities lender. This Example has the following assumptions: 1. a Transferor's carrying amount and fair value of security loaned: $1,000 2. b Cash [collateral](https://asc.understandingaccounting.org/glossary/c/#collateral "Personal or real property in which a security interest has been given."): $1,020 3. c Transferor's return from investing cash collateral at a 5 percent annual rate: $5 4. d Transferor's rebate to the securities borrower at a 4 percent annual rate: $4. ##### [860-30-55-2](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:24.620Z to 2026-09-10T02:07:24.620Z Record version: sha256:ff0a12fe4dacc1a232b659ab5ad06dd1b76e513081febc5992fb26155e4dbe66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For simplicity, the fair value of the security is assumed not to change during the 35-day term of the transaction. ##### [860-30-55-3](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:24.620Z to 2026-09-10T02:07:24.620Z Record version: sha256:702f4bc44f98132044baef801f31c7506fdff9ecc62902445263524c130ce557 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The journal entries for the [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.") and the [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.") are as follows. - ![](https://asc.understandingaccounting.org/asc-img/GUID-063420BE-2842-4F17-A07C-D571EBEF15D6-low.gif) Journal Entries for the Transferor At inception: Cash " $1,020 " Payable under securities loan agreements " $1,020 " To record the receipt of cash collateral Securities pledged to creditors " 1,000 " Securities " 1,000 " To reclassify loaned securities that the secured party has the right to sell or repledge Money market instrument " 1,020 " Cash " 1,020 " To record investment of cash collateral At conclusion: Cash " 1,025 " Interest 5 Money market instrument " 1,020 " To record results of investment Securities " 1,000 " Securities pledged to creditors " 1,000 " To record return of security Payable under securities loan agreements " 1,020 " Interest (rebate) 4 Cash " 1,024 " To record repayment of cash collateral plus interest - ![](https://asc.understandingaccounting.org/asc-img/GUID-586DD8D3-89D1-4A89-9707-EA2236E8EE6E-low.gif) Journal Entries for the Transferee At inception: Receivable under securities loan agreements " $1,020 " Cash " $1,020 " To record transfer of cash collateral Cash " 1,000 " Obligation to return borrowed securities " 1,000 " To record sale of borrowed securities to a third party and the resulting obligation to return securities that it no longer holds At conclusion: Obligation to return borrowed securities " 1,000 " Cash " 1,000 " To record the repurchase of securities borrowed Cash " 1,024 " Receivable under securities loan agreements " 1,020 " Interest revenue (rebate) 4 To record the receipt of cash collateral and rebate interest ##### [860-30-55-4](https://asc.understandingaccounting.org/asc/860/30/#860-30-55-4) Pending content: yes Source downloaded (UTC): 2026-09-10T02:07:24.620Z to 2026-09-10T02:07:24.620Z Record version: sha256:66fed1b34121da50ac1896eb150df4e469ef17fd4a1f6eaa5ced8ecc88716956 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Example illustrates one approach for satisfying the quantitative disclosure requirements in paragraph [860-30-50-7](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-7). - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-E31CF388-CBE0-422F-8A99-AEC1FCEC3FF3-low.gif) "Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions Accounted for as Secured Borrowings (Dollars in millions)" 20XX Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30-90 days Greater Than 90 days Total Repurchase agreements and repurchase-to-maturity transactions U.S. Treasury and agency securities $ XXX $ XXX $ XXX $ XXX $ XXX State and municipal securities XXX XXX XXX XXX XXX Asset-backed securities XXX XXX XXX XXX XXX Corporate securities XXX XXX XXX XXX XXX Equity securities XXX XXX XXX XXX XXX Non-U.S. sovereign debt XXX XXX XXX XXX XXX Loans XXX XXX XXX XXX XXX Other XXX XXX XXX XXX XXX Total XXX XXX XXX XXX XXX 20XX Gross Obligations Overnight Up to 30 Days 30-90 Days Over 90 Days Securities lending transactions U.S. Treasury and agency securities XXX XXX XXX XXX XXX State and municipal securities XXX XXX XXX XXX XXX Corporate securities XXX XXX XXX XXX XXX Equity securities XXX XXX XXX XXX XXX Non-U.S. sovereign debt XXX XXX XXX XXX XXX Loans XXX XXX XXX XXX XXX Other XXX XXX XXX XXX XXX Total XXX XXX XXX XXX XXX Total borrowings $ XXX $ XXX $ XXX $ XXX $ XXX Gross amount of recognized liabilities for repurchase agreements and securities lending in footnote X $ XXX Amounts related to agreements not included in offsetting disclosure in footnote X $ XXX 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 Example illustrates one approach for satisfying the quantitative disclosure requirements in paragraph [860-30-50-7(a) through (b)](https://asc.understandingaccounting.org/asc/860/30/#860-30-50-7). - ![ ](https://asc.understandingaccounting.org/asc-img/GUID-E31CF388-CBE0-422F-8A99-AEC1FCEC3FF3-low.gif) "Repurchase Agreements, Securities Lending Transactions, and Repurchase-to-Maturity Transactions Accounted for as Secured Borrowings (Dollars in millions)" 20XX Remaining Contractual Maturity of the Agreements Overnight and Continuous Up to 30 days 30-90 days Greater Than 90 days Total Repurchase agreements and repurchase-to-maturity transactions U.S. Treasury and agency securities $ XXX $ XXX $ XXX $ XXX $ XXX State and municipal securities XXX XXX XXX XXX XXX Asset-backed securities XXX XXX XXX XXX XXX Corporate securities XXX XXX XXX XXX XXX Equity securities XXX XXX XXX XXX XXX Non-U.S. sovereign debt XXX XXX XXX XXX XXX Loans XXX XXX XXX XXX XXX Other XXX XXX XXX XXX XXX Total XXX XXX XXX XXX XXX 20XX Gross Obligations Overnight Up to 30 Days 30-90 Days Over 90 Days Securities lending transactions U.S. Treasury and agency securities XXX XXX XXX XXX XXX State and municipal securities XXX XXX XXX XXX XXX Corporate securities XXX XXX XXX XXX XXX Equity securities XXX XXX XXX XXX XXX Non-U.S. sovereign debt XXX XXX XXX XXX XXX Loans XXX XXX XXX XXX XXX Other XXX XXX XXX XXX XXX Total XXX XXX XXX XXX XXX Total borrowings $ XXX $ XXX $ XXX $ XXX $ XXX Gross amount of recognized liabilities for repurchase agreements and securities lending in footnote X $ XXX Amounts related to agreements not included in offsetting disclosure in footnote X $ XXX Source downloaded (UTC): 2026-09-10T02:07:27.942Z to 2026-09-10T02:07:27.942Z Record version: sha256:9ab1d697f6acc91affc2e0198ad82387e52de382bec998066366dd762ca9d4fc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-60: 60 Relationships [Read section](https://asc.understandingaccounting.org/asc/860/30/#60-relationships) SEC content: no #### Balance Sheet ##### [860-30-60-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-60-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:27.942Z to 2026-09-10T02:07:27.942Z Record version: sha256:ff18efdb3d51918803167664913573028fb5386b10e0662e4a12f6cb51bfaced Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](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.") and amounts recognized as receivables under [reverse repurchase agreements accounted for as collateralized borrowings](https://asc.understandingaccounting.org/glossary/r/#reverse-repurchase-agreement-accounted-for-as-a-collateralized-borrowing "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."), see paragraphs [210-20-45-11 through 45-12](https://asc.understandingaccounting.org/asc/210/20/#210-20-45-11) . Source downloaded (UTC): 2026-09-10T02:07:35.766Z to 2026-09-10T02:07:35.766Z Record version: sha256:8f201bc2cdc9b4a5aac9d64c6841235b19e816e7968ab3fb95ba80692b3a8a79 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 860-30-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/860/30/#sec-50-disclosure) SEC content: yes #### Assets Subject to Lien ##### [860-30-S50-1](https://asc.understandingaccounting.org/asc/860/30/#860-30-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:07:35.766Z to 2026-09-10T02:07:35.766Z Record version: sha256:30a089bac9b367ebaaf23c4c442307465cc383782f3d7d8a43a202cfefa6b605 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [235-10-S99-1](https://asc.understandingaccounting.org/asc/235/10/#235-10-S99-1), Regulation S-X Rule 4-08(b), for required disclosures for assets subject to lien.