Derivatives Implementation Group
Summary of July 11, 2001Board Meeting Discussion on Statement 133 Implementation Issues
Financial instruments: derivatives
implementation. At its July 11, 2001 meeting, the Board decided
not to object to the staff's issuing guidance in a
question-and-answer format (Q&A) on Statement 133
Implementation Issue No. B31, "Accounting for Purchases of Life
Insurance," an issue related to FASB Statement No. 133,
Accounting for Derivative Instruments and Hedging
Activities.
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