At last week's meeting, the Financial Accounting Standards Board seemed to favor not adding a requirement that a QSPE be used to achieve sale treatment in the transfer of "undivided interests" in financial assets, accounting sources said.

"They might even kill the term [undivided interests]," said Marty Rosenblatt of Deloitte & Touche, and accounting chair of the Asset Securitization Forum.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.