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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

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Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Notes & Samples

NOTE 7 – Derivative Instruments
Derivative Instruments with Contingent Features

Agencies must disclose any contingent features included in their derivative instruments (such as a requirement for an agency to post collateral if its credit rating declines). Details about derivative instruments with contingent features must be disclosed in Note 15 and referenced as such in Note 7.