58 ASC 860 TRANSFERS AND SERVICING
Transfers of Financial Assets under ASC 860—Introduction
Components of financial assets
Measuring assets and liabilities after completion of a transfer
Transfers of receivables with recourse
Example of accounting for the transfer of receivables with recourse
Example: Sale of partial interest receivables
Examples: Sale of loans with various types of retained interests
Example: Sale of receivables with servicing asset retained by transferor
Example: Sale of receivables with servicing liability retained by transferor
Examples: Sale of receivables servicing asset retained
Example of rights to future income from serviced assets
Changes resulting in transferor regaining control of financial assets sold
Sales-type and direct financing lease receivables
Example of sale of interest in lease payments
Example of a securitization deal involving four classes of securities
Example of revolving period securitizations
Example of a repurchase agreement
Securities lending transactions
Example: Securities lending transaction (30 days)
Example of accounting for collateral
Financial assets subject to prepayment
PERSPECTIVE AND ISSUES
Subtopics
ASC 860 contains five Subtopics:
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