Global Standards for the world economy

Thursday 22 October 2020

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Commodity Loans

Commodity Loans

 Issue rejected (Agenda decision)

Commodity Loans

The Committee received a request on how to account for a commodity loan transaction. Specifically, the transaction is one in which a bank borrows gold from a third party and then lends that gold to a different third party for the same term and for a higher fee.

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Board deliberations