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New FASB Guidance Brings Big Changes for Hedge Accounting
By John Hintze
August 17, 2017

“This means that a company could borrow at three-month Libor originally and then switch to one-month Libor at a later date, and it could still be considered a part of the original hedging relationship if the swap is highly effective,” said Dan Gentzel, head of Chatham Financial’s global accounting advisory team. “This is important because it avoids having to re-designate a swap in a new off-market hedging relationship.”

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