![]() ![]() The Board’s original intent was to require that nonpublic business entities apply the amendments in Update 2016-13 at the end of the same fiscal year as those public business entities that do not meet the definition of an SEC filer, thus providing additional time to implement the amendments in Update 2016-13 for interim periods. Off-balance-sheet credit exposure refers to credit exposures on off-balance-sheet loan commitments, standby letters of credit, financial guarantees not accounted for as insurance, and other similar instruments, except for instruments within the scope of Topic 815 on derivatives and hedging.īC9.
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