Regulatory Alerts1994-03-14
Instruction No. 94-06 of March 14, 1994, on the Accounting for Asset Transfer or Securitization Operations
The Banking Commission issued Instruction No. 94-06 to establish accounting standards for asset transfers, repurchase agreements, and securitization operations. The directive mandates specific balance sheet and off-balance sheet treatments for sold assets with recourse, titles sold with buy-back options, and securities lending, ensuring accurate recognition of gains, losses, and collateral. It further regulates the accounting for credit fund shares, guarantees, and liquidation rights while repealing the previous 1989 instruction.
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