Quantitative and Qualitative Disclosures about Market Risk
−Removed: We had no material derivative financial instruments or derivative commodity instruments as of September 30, 2020.
+Added: We had no material derivative financial instruments or derivative commodity instruments as of March 31, 2021.
We maintain our cash and cash equivalents in bank deposit accounts, money market funds and short-term U.S.
8 unchanged sentences
Our future investment income will vary due to changes in interest rates.
−Removed: For example, during the period ended September 30, 2020 and thereafter, we have experienced a significant decrease in interest rates, including in connection with the COVID-19 pandemic, and we expect to continue to reduce interest income earned on our invested funds.
+Added: For example, during the period ended March 31, 2020 and thereafter, we have experienced a significant decrease in interest rates, including in connection with the COVID-19 pandemic, and we expect to continue to reduce interest income earned on our invested funds.
However, the decrease in interest income did not have a material impact on our earnings.
−Removed: At September 30, 2020, a 10% increase or decrease in interest rates would not have a material impact on our future earnings, fair values, or cash flows.
−Removed: Notwithstanding the impacts of COVID-19, there has been no material change to our market risk or interest rate risk during the nine months ended September 30, 2020.
+Added: At March 31, 2021, a 10% increase or decrease in interest rates would not have a material impact on our future earnings, fair values, or cash flows.
+Added: Notwithstanding the impacts of COVID-19, there has been no material change to our market risk or interest rate risk during the three months ended March 31, 2021.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.