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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
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