General Motors stepped up its use of cash flow hedges in the first quarter after taking advantage of a change in accounting policy intended to make it easier for firms to achieve hedging recognition.
GM adopted Accounting Standards Update (ASU) Topic 815, “Targeted improvements to accounting for hedging activities”, in the three months to March 31. As a result, the carmaker said it had designated a number of foreign currency and commodity forward contracts as cash flow hedges within its
- Quant Finance Master’s Guide 2019
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Brexit threatens to reopen Asian bail-in clauses for EU banks
- Podcast: Kenyon and Berrahoui on the pitfalls of PFE
- Cross-currency swaps could hasten RFR shift in Australia