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Interest rate cap accounting - recording expense and FMV adjustments
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? |
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