Off Balance Sheet Finance (Finance & Capital Markets Series)

In recent years the capital markets have developed into ever more complex areas, and banks have competed with each other to develop more sophisticated and innovative methods of financing. The pace of this innovation has often outstripped the development of rules for financial reporting. Off balance sheet finance is one particular area where the standard-setters are only now catching up. The Accounting Standards Board recently published a further exposure draft on the subject. FRED 4 - Reporting the substance of transactions - and Part 1 discusses in detail how it will affect the accounting treatment of various forms of off balance sheet finance. The exposure draft is reproduced in full in Part 2. Off Balance Sheet Finance will be an indispensable guide for bankers, other financiers, accountants and lawyers. Front Matter....Pages i-x Front Matter....Pages 1-1 Introduction....Pages 3-5 FRED 4....Pages 7-21 Subsidiaries and Quasi subsidiaries....Pages 23-34 Associates and Joint Ventures....Pages 35-39 Leasing....Pages 41-47 Sale and Leaseback....Pages 49-55 Sale and Repurchase Agreements....Pages 57-67 Take-or-pay Contracts and Throughput Agreements....Pages 69-72 Consignment Stocks....Pages 73-77 Factoring of Debts....Pages 79-84 Securitised Receivables....Pages 85-93 Loan Transfers....Pages 95-101 Debt Defeasance....Pages 103-105 Conclusion....Pages 107-108 Appendix FRED 4 — Reporting the substance of transactions....Pages 109-201 Back Matter....Pages 202-205