*Letters

TBMA Submits Comments to the FASB on the FASB Draft Guide to Implementing Statement 125

Published on:
November 6, 1998

The Bond Market Association (TBMA)* provides comments to the Financial Accounting Standards Board(FASB) on the proposed FASB Special Report,A Guide to Implementation of Statement 125 on Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities-Second Edition. TBMA offers its observations and recommendations on the proposal given the impact the implementation will have on the asset securitizationand funding markets.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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