At this Wednesday's meeting, the Financial Accounting Standards Board will discuss its phantom Staff Position - missing from the FIN 46-related FSPs finalized in late July.

The missing FSP - call it No. 6, though they weren't numbered - addresses fees paid to decision makers and guarantee providers in a variable interest entity, for the purpose of calculating the expected loss and expected residual returns. This is relevant to structures that have non-substantial equity holding service providers, such as certain CDOs.

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