SIA Submits Comments to the SEC on Hedging with Inter-Company Derivative Contracts
Published on:
December 22, 1998
The Over-The-Counter (OTC) Derivative Products Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission onhedging with inter-company derivative contracts. SIA believes the change is not needed to address any current accounting abuse, and would threaten a practice that is widespread among financial institutions, that if changed, would have undesirable economic implications.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.