Summary for Off balance sheet Items

Would anyone here be kind enough to provide a rough summary for this section which would enable me to grasp the most important concepts? It just doesn’t stick to my mind, the different lease related issues and the take or pay and so on. Any help here would be greatly appreciated. Thanks guys… You all have been a real support

just remember the differnt types of OBS items: operating lease take-or-pay/throughput agreements sale of receivable with recourse note how they are originally entered into the financial statements, if at all think about the economic reality of the transaction make necessary adjustments just go over the section in the schweser notes… took me a good half hour…not long

They are mostly the same. Increase assets and liabilities by the ammount. Just be carefull with current and long term.