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What are off balance sheet items?

Answer Posted / sunil p t

Off balance sheet (OBS) usually means an asset or debt or
financing activity not on the company's balance sheet. It
could involve a lease or a separate subsidiary or a
contingent liability such as a letter of credit. It also
involves loan commitments, futures, forwards and other
derivatives, when-issued securities (famous in the US)
[clarify] and loans sold.

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