AIG 2012 Annual Report Download - page 239
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.....................................................................................................................................................................................
securities (e.g., commercial and residential mortgage-backed securities issued by securitization entities that wrote
credit derivatives), are considered to be embedded derivatives that should be analyzed for potential bifurcation and
separate accounting or, alternatively, for fair value accounting in connection with the application of the fair value
option to the entire hybrid instrument.
The adoption of these standards did not have a material effect on our consolidated financial condition, results of
operations or cash flows.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K222
ITEM 8 / NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES