Most corporations provide at least some information on their derivatives activity in annual reports, but few specify whether the instrument they use contained any form of leverage, according to a recent study by the Financial Accounting Standards Board.

The FASB study found that 51 of the 65 Fortune 1000 companies surveyed, or 78%, disclosed some sort of information about derivatives activity in their annual reports, but none provided a discussion of leverage features. Four took the trouble to explicitly state that some or all of their derivatives did not contain leverage features.

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