SEC releases staff accounting bulletin on derivatives.

Last month the Securities and Exchange Commission released Staff Accounting Bulletin No. 105, "Loan Commitments Accounted for as Derivative Instruments Derivative instruments

Contracts such as options and futures whose price is derived from the price of an underlying financial asset. ." The SAB SAB Spontaneous abortion. See Abortion. provides interpretive in·ter·pre·tive also in·ter·pre·ta·tive
adj.
Relating to or marked by interpretation; explanatory.

in·terpre·tive·ly adv. guidance that registrants should consider when recognizing certain loan commitments and emphasizes certain disclosure requirements that may be relevant in the context of mortgage banking activities. To obtain a copy of the SAB, go to:

www.sec.gov/interps/account/sab105.htm

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Title Annotation:	regulatory matters
Publication:	CPA Letter
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Apr 1, 2004
Words:	66
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Topics:	Derivatives (Financial instruments) Loan servicing

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