FMX Home
Glenn Hegar  ·  Texas Comptroller of Public Accounts

Reporting Requirements for Annual Financial Reports of State Agencies and Universities

Notes & Samples

NOTE 7 – Derivatives
Synthetic Guaranteed Investment Contracts

If a derivative instrument is a synthetic guaranteed investment contract that is fully benefit-responsive, disclose the following information:

  • Description of the nature of the contract
  • Fair value (including separate disclosure of the fair value of the corresponding underlying investments)
Glenn Hegar
Texas Comptroller of Public Accounts
Questions? Contact statewide.accounting@cpa.texas.gov
Comptroller.Texas.Gov | FMX
FMX Sitemap | Contact FM
Accessibility Policy | Privacy and Security Policy