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Synthetic GICs
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What is a synthetic GIC and how is accounted for under US accounting rules
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A synthetic GIC is basically an investment that allows the use of 'derivative hedging' instruments so that you can buy guarantees for your investment. Similar products are available in the UK and are liable to the Capital Gain Tax regime. No idea how the yanks account for them. Can't imagine why you need to know. Follow the link http://www.fasb.org/derivatives/issuea16.shtml
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