Transfers and servicing of financial assets

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Accounting guide , PwC US

Our updated guide on transfers and servicing of financial assets covers securitizations, repos & other transactions.

This guide was fully updated in July 2018.

This guide provides comprehensive guidance on transfers and servicing of financial assets, including securitizations, repurchase (repo) and reverse repurchase transactions, and more. We also explain the principal guidance on such transactions, contained in ASC 860, Transfers and Servicing. ASC 860 prescribes the conditions that a transfer must satisfy to allow the transferor to record a sale and derecognize a financial asset from its balance sheet. The guidance in ASC 860 addresses not only the transferor’s accounting, but also informs the corresponding accounting by the transferee.

To help you navigate this PwC guide, all references within the Transfers and servicing of financial assets guide and to other PwC guides are linked and will take you directly to the referenced guidance.

Downloading the guide onto an iPad

  1. Click on the button below to open the document:
    Transfers and servicing of financial assets
  2. Once the PDF opens, click on the Action button, which appears as a square icon with an upwards pointing arrow.
  3. From within the action menu, select the “Copy to iBooks” option.
  4. The guide will then be saved to your iBooks app for future access.

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Donald Doran

Partner, National Professional Services Group, PwC US

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