What are off balance sheet items?

Answer Posted / jyothsna

Direct credit substitutes in which a bank substitutes its
own credit for a third party, including standby letters of
credit
Irrevocable letters of credit that guarantee repayment of
commercial paper or tax-exempt securities
Risk participations in bankers acceptances
Sale and repurchase agreements
Asset sales with recourse against the seller
Interest rate swaps, interest rate options and currency
options

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