6 unchanged sentences
The Financial Conduct Authority in the U.K.
−Removed: has stated that it plans to phase out LIBOR by the end of calendar year 2021.
+Added: has stated that it plans to phase out all tenors of LIBOR by June 2023.
We do not currently anticipate a significant impact to our financial position or results of operations as a result of this action as we expect that our financial contracts currently indexed to LIBOR will either expire or be modified without significant financial impact before the phase out occurs.
−Removed: Due to the nature of our debt, the materiality of the fair values of the derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of March 31, 2021, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
−Removed: There were no significant changes in how we manage interest rate risk between December 31, 2020 and March 31, 2021.
+Added: Due to the nature of our debt, the materiality of the fair values of the
+Added: Second Quarter 2021 Form 10-Q
+Added: Blackbaud, Inc.
+Added: derivative instruments and the highly liquid, short-term nature and level of our cash and cash equivalents as of June 30, 2021, we believe that the risk of exposure to changing interest rates for those positions is immaterial.
+Added: There were no significant changes in how we manage interest rate risk between December 31, 2020 and June 30, 2021.
Foreign Currency Risk
For a discussion of our exposure to foreign currency exchange rate fluctuations, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Foreign Currency Exchange Rates” in this report.
−Removed: First Quarter 2021 Form 10-Q
−Removed: Blackbaud, Inc.
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.