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Chapter 5 — Secured Borrowing Accounting

5.1 General

5.1 General

Footnotes

1
In this chapter, the transferred financial assets represent noncash collateral in a secured borrowing.
2
See Section 5.3.3.3. In a securities lending arrangement in which securities are loaned for noncash collateral (e.g., a securities-for-securities transaction) and the securities lender (i.e., the transferor) has the right to transfer the collateral received (i.e., the securities lender can sell or repledge the collateral obtained), both the securities lender and the securities borrower (i.e., the transferee) recognize the collateral (i.e., the securities lender recognizes the noncash collateral received from the securities borrower as proceeds for a secured borrowing).