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Standard reference · STD:fasb/asc-860-transfers-and-servicing/2026-09-11

FASB ASC Topic 860 — transfers and servicing

Version bound authority record for financial asset transfers, derecognition, continuing involvement, and secured borrowing treatment.

Updated Sep 11, 2026 Review due Dec 11, 2026

Scope of this reference

Inspect the standard and the scope used in the teaching material. The verification date describes the stored review.

Authority
Financial Accounting Standards Board
Standard
ASC Topic 860
Version
Codification content as verified 2026-09-11
Where it applies
United States GAAP
Entities covered
Entities applying US GAAP; bounded here to supplied receivable-transfer agreements and supported legal conclusions
Last source check recorded
Sep 11, 2026
Status recorded at review
current
Effective from
Not specified in this record

Inspect the source: FASB Accounting Standards Codification Topic 860, Transfers and Servicing

Check the applicable effective dates and later amendments in the source before applying this reference.

Concepts using this reference (5)

Instructional scope

The transfer packet identifies the parties, transferred interests, and all linked agreements. It then documents legal isolation, transferee rights, effective control, servicing, recourse, repurchase terms, and retained interests before applying a supplied sale or borrowing calculation.

Stop conditions

Pause when a material agreement, legal-opinion scope, consolidation conclusion, transferee right, or repurchase term is missing. Cash proceeds and transfer form cannot establish derecognition.