superchristine
Apr 24, 2013, 03:18 PM
ABC Company buys a $10 million notional interest rate cap for $200,000.00 The entry is recorded as:
Interest Rate Cap $200,000 DR
Cash $200,000 CR
A schedule of caplet expenses is provided, and the first one is $400.00. How should this expense be recorded? How should the fair market value adjustment be recorded?
Interest Rate Cap $200,000 DR
Cash $200,000 CR
A schedule of caplet expenses is provided, and the first one is $400.00. How should this expense be recorded? How should the fair market value adjustment be recorded?