Electronic Feedback Form

Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815): Inclusion of the Overnight Index Swap (OIS) Rate based on the Secured Overnight Financing Rate (SOFR) as a Benchmark Interest Rate for Hedge Accounting Purposes

Comment Deadline:
March 30, 2018

The FASB invites comments on the Proposed Accounting Standards Update, Derivatives and Hedging (Topic 815): Inclusion of the Overnight Index Swap (OIS) Rate based on the Secured Overnight Financing Rate (SOFR) as a Benchmark Interest Rate for Hedge Accounting Purposes.  A link to the proposed Update is provided below. Respondents are requested to read the entire document before providing their comments. The proposed Update provides a summary of the proposed guidance and the basis for the FASB’s conclusions.

Comments are requested from those who agree with the proposed guidance as well as from those who do not agree. Comments are most helpful if they identify and clearly explain the issue or question to which they relate. Those who disagree with a proposal are asked to describe their suggested alternative(s), supported by specific reasoning. All comments received constitute part of the FASB’s public file. The FASB will make all comments publicly available by posting them to the Online Public Reference Room portion of its website.

Download the Proposed Accounting Standards Update on Derivatives and Hedging

Interested parties may also provide their comments in the form of a written letter by submitting their comments via email to director@fasb.org, File Reference No. 2018-220, or by sending them to “Technical Director, File Reference No. 2018-220, FASB, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116.” Do not send responses by fax. All responses from those wishing to comment on the proposed Update must be received b March 30, 2018.

Instructions

This form includes all of the questions that are in the proposed Update. Questions requiring responses are denoted by a red asterisk (*).

If you would like to return to the form at a later time to complete or revise your responses, click the "Save" button to retain your responses. After clicking the "Save" button, you will be presented with a link that you should keep and use to return to your form at a later time. The feedback form can be saved only after the required respondent information section is completed.

At the conclusion of the form, you will be provided with a printable summary of your responses. You can edit any responses by clicking the "Back" button. Click the "Submit" button to send your comments to the FASB so that they may be added to the public record (i.e. made available on the FASB website).

If you have any questions on this feedback form or the proposed Update, please contact Julie Um at jcum@fasb.org..




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