Faiz Oranı “Caps, Collars ve Floors”Iarının Muhasebeleştirilmesi

Authors : Nejat TENKER

Pages : 98-104

View : 18 | Download : 15

Publication Date : 1999-06-01

Article Type : Research Paper

Abstract :Caps, Collars and floors are other tools for transferring financial risk away from companies to the financial sector. They are rather new techniques comparing to others like financial futures, options and many others. They are first appeared in the market in early nineties. An interest rate cap, for example, is an agreement between a bank and a borrower with floating rate debt where the bank takes the responsibility to cap the cost of this debt over an agreed rate for an agreed period of time. In other words the bank will pay any interest costs arising as a result of an increase in the cost of the floating interest rate debt above the agreed cap rate. The aim of this article is not to explain the technical specifications of such financial techniques, but opening discussions on the possible accounting entries of such transactions among the accountants in the lights of generally accepted accounting principles and and accounting practices in Turkey.
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