FASB Summary of January 26, 2000 Board Meeting Discussion
Derivatives Implementation Group
FASB: Summary of January 26, 2000 Board Meeting Discussion on Statement 133 Implementation Issues
Derivatives and hedging-possible amendment of Statement 133. The Board discussed the guidance in FASB Statement No. 133, Accounting for Derivative Instruments and Hedging Activities, related to partial-term fair value hedges of a portion of an asset or liability. The Board considered a suggestion to modify Statement 133 to permit the effectiveness of a partial-term hedge to be assessed based on the changes in interest rates for only a specified portion of the relevant yield curve. The Board decided that the provisions of Statement 133 should not be modified to permit the suggested change.