USA: public companies' short-term borrowing - SEC proposes increased disclosure

The Securities and Exchange Commission has published for consultation proposed new rules the purpose of which is to increase the disclosure provided by public companies in respect of short-term borrowing: see here (pdf). At the open meeting of the SEC at which the new rules were announced, the SEC chairman, Mary Schapiro, observed:

I believe that investors will benefit from additional transparency in this area, particularly when the difference between short-term borrowing during a reporting period varies significantly from the snapshot that is presented at period-end. The proposed rule amendments before us today should address this gap in our current disclosure requirements".

Further information is available in the SEC's press release, available here.