EDMC-FIBO/FBC 1.1 RTF Avatar
  1. OMG Issue

FIBOFBC11 — The definition of DebtInstrument is too constraining

  • Key: FIBOFBC11-4
  • Status: open  
  • Source: Thematix Partners LLC ( Elisa Kendall)
  • Summary:

    The current definition of debt instrument, which is "a financial instrument evidencing monies owed by the issuer to the holder on terms as specified" is too limiting – it does not allow for cases where real property or another instrument might be owed, as opposed to cash.

  • Reported: EDMC-FIBO/FBC 1.0 — Tue, 2 May 2017 16:26 GMT
  • Updated: Sun, 7 May 2017 00:19 GMT
  • Attachments: