Global Identifier (FIGI) has been adopted by Deutsche Bank to identify syndicated loans that sit in collateralized loan obligations (CLOs) and other credit based structures.
But they haven't yet reached agreement on criteria for determining which of those two measurement attributes a reporting entity should apply to a particular financial instrument
The International Accounting Standards Board (IASB) has published for public comment an exposure draft of proposals to improve financial instrument
The FSP therefore defers the requirement in the statement, Share-Based Payment, that a freestanding financial instrument
originally subject to the statement becomes subject to the recognition and measurement requirements of other applicable GAAP when the rights conveyed by the instrument to the holder no longer depend on his or her being an employee of the entity.
The value of a financial instrument
may, in some cases, be coupled with an intangible value.
It does not apply to features embedded in a financial instrument
that is not a derivative in its entirety.
The document is the next step in a wide-ranging Board project related to financial instrument
Today, "high yield" bonds are an extremely common form of financing--so much so that they've become pretty boring as a financial instrument
The latest statement from the FASB in its financial instrument
project focuses on derivatives.
The difficult part of this Standard is in the understanding of what is a financial instrument
and, as a result, the Board provides a definition of a financial instrument
and gives examples of instruments included and excluded from the definition.
If a particular financial instrument
entitles the holder to receive cash payments that represent principal and interest, then the instrument must be measured at amortized cost, with a fair-value measurement option available under limited circumstances.
FAS 155 permits fair value re-measurement for any hybrid financial instrument
that contains an embedded derivative that otherwise would require bifurcation.