Why US firms fear FASB’s rule 133
Not everything to do with FAS133 is bad news. For example, US companies will now be able to hedge expected anticipatory transactions, such as future foreign currency revenue streams. “Previously all you could do was buy an option or a series of options,” says Peter Goetler, head of US debt capital markets for Deutsche Bank in New York. “But over a period of time that becomes expensive. FAS133 opens the door to using a whole host of instruments and transactions.
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