The letter cautions that companies forced to use standardized derivatives could “face significantly increased earnings volatility and accounting complexity and may be unable to qualify for hedge accounting treatment” under FAS 133.
Mr. Bontrager notes, “Our hope is that in addressing the systemic risks and appropriate safeguards that need to be put in place, the ultimate impact on American businesses will not be overlooked.
Chatham Financial is the largest independent interest rate and foreign currency hedge consulting firm. With offices in suburban Philadelphia, Denver, London, Singapore, and Krakow, Chatham serves over 1,000 leading private and public companies worldwide. Chatham is employee-owned and is not associated with any bank.
For more information, please contact:
Sam Peterson at 484-731-0276
Joy Peterson, PH 720.249.3606. F: 720.221.3519, email@example.com