FAS 133 definition

FAS 133 means Financial Accounting Statement 133 promulgated by the Financial Accounting Standards Board.

FAS 133 means Statement 133, Accounting for Derivative Instruments and Hedging Activities, of the Financial Accounting Standards Board, along with any interpretations, implementation guides and technical or practice bulletins from time to time relating thereto.

FAS 133 means the statement of financial accounting standard number 133 entitled “Accounting for Derivative Instruments and Hedging Activities” issued by the Financial Accounting Standards Board in June of 1998, as amended from time to time.

Examples of FAS 133 in a sentence

• If either Buyer or Seller determines, in good faith, that the intended accounting treatment has become jeopardized, due to a change in interpretations of FAS 133, as amended, or otherwise, then Buyer and Seller agree to meet and use their best efforts to reform the Agreement so that, with the minimum changes possible, the Agreement again qualifies for the intended accounting treatments.

• However, questions have been raised about how this provision of FAS 133 should be applied in light of other accounting guidance in FASB Statement No. 140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities.” As a result, the FASB Board has decided that, pending the issuance of further guidance, institutions should continue to account for interest-only and principal-only strips and other beneficial interests in securitizations in accordance with Statement No. 140.

• Represents the effect of hedging activities that did not qualify for hedge accounting treatment under FAS 133, including the related foreign exchange gains and losses.

• If the embedded derivative has not been bifurcated from the host contract under FAS 133, then the security should be reported without separating the embedded derivative from the host contract.

• The Borrower will not permit, as of the last day of any fiscal quarter, its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding non-cash assets under FAS 133) to (ii) consolidated current liabilities (excluding non-cash obligations under FAS 133 and current maturities under this Agreement) to be less than 1.0 to 1.0.

More Definitions of FAS 133

FAS 133 means Financial Accounting Standards Board Statement No. 133, “Accounting for Derivative Instruments and Hedging Activities.”

FAS 133 means the Financial Accounting Standard's Board Statement No. 133, as amended by Statement Xx. 000 xxx Xxxxxxxxx Xx. 000.

FAS 133 means the Financial Accounting Standard's Board

FAS 133. Statement of Financial Accounting Standards No. 133.

FAS 133 means Statement No. 133 of the Financial Accounting Standards Board. “FDIC” means the Federal Deposit Insurance Corporation. “Federal Funds Rate” means, for any day, the rate set forth in the weekly statistical release designated as H.15(519), or any successor publication, published by the Federal Reserve Bank of New York (including any such successor, “H.15(519)”) on the preceding Business Day opposite the caption “Federal Funds (Effective)”; or, if for any relevant day such rate is not so published on any such preceding Business Day, the rate for such day will be the arithmetic mean as determined by the Administrative Agent of the rates for the last transaction in overnight Federal funds arranged prior to 9:00 a.m. (New York, New York time) on that day by each of three leading brokers of Federal funds transactions in New York, New York selected by the Administrative Agent.

FAS 133 means Statement No. 133 of the Financial Accounting Standards Board to Derivative Contracts or any equivalent ruling or regulation arising under Canadian generally accepted accounting principles.

FAS 133 means the Financial Accounting Standard's Board Statement No.