Reporting in the balance sheet the fair value of the net position of the obligations of each party to an FX forward is mandatory under U.S. GAAP.

Name: Reporting in the balance sheet the fair value of the net position of the obligations of each party to an FX forward is mandatory under U.S. GAAP.
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Under U.S. GAAP, FX forwards are generally reported at fair value, but the net position of obligations is not specifically required to be reported on the balance sheet.

Reporting in the Balance Sheet the Fair Value of the Net