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AFS

English translation: available for sale

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

German term or phrase:	AFS
English translation:	available for sale
Entered by:	Grantslations

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14:17 Jun 20, 2006

German to English translations [PRO]
Bus/Financial - Finance (general) / Bonds/securities

German term or phrase: AFS

The above acronym is in a list in a German document relating to bonds/stocks: AFS, FV, HTM.
I managed to find FV (Futures values) HTM (hold to maturity and also ABS (asset backed security) but cannot find AFS anywhere.
Can somebody help please

Grantslations KudoZ activity Questions: 34 (1 open) (4 without valid answers) Answers: 0
Local time: 03:12

available for sale

Explanation:
"Available for Sale (AFS) Accounting classification under Statement of Financial Accounting Standards (SFAS) 115, Accounting for Certain Investments in Debt and Equity Securities. AFS securities are those which management does not have the positive intent and ability to hold to maturity. Securities classified AFS must be recorded at fair market value each period, with unrealized gains or losses recorded as a contra asset. AFS securities may be sold freely to generate liquidity or to rebalance the investment portfolio. "