In the securities lending transaction, the securities lender (transferor) acknowledges on its stability sheet securities been given as collateral that it may provide or repledge. No, the transaction falls exterior the scope of ASC 860. The counterparty (rely on) is the issuer in the certificates surrendered by the reporting entity, https://landenjlihe.dailyblogzz.com/36796921/not-known-facts-about-860-cash