16 unchanged sentences
This creates a foreign exchange exposure for us.
−Removed: As of May 31, 2021, we have hedged a portion of our exposure related to the anticipated cash flow requirements denominated in certain foreign currencies by entering into hedging contracts with institutions to acquire a total of PHP 29,410.0 million at a fixed price of $582.1 million at various dates through May 2023;
−Removed: and INR 16,135.0 million at a fixed price of $206.5 million at various dates through May 2023.
−Removed: The fair value of these derivative instruments as of May 31, 2021 is presented in Note 7 of the consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
−Removed: The potential loss in fair value at May 31, 2021 for such contracts resulting from a hypothetical 10% adverse change in the underlying foreign currency exchange rates is approximately $82.0 million.
+Added: As of August 31, 2021, we have hedged a portion of our exposure related to the anticipated cash flow requirements denominated in certain foreign currencies by entering into hedging contracts with institutions to acquire a total of PHP 32,330.0 million at a fixed price of $638.6 million at various dates through August 2023;
+Added: and INR 17,365.0 million at a fixed price of $221.6 million at various dates through August 2023.
+Added: The fair value of these derivative instruments as of August 31, 2021 is presented in Note 7 of the consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
+Added: The potential loss in fair value at August 31, 2021 for such contracts resulting from a hypothetical 10% adverse change in the underlying foreign currency exchange rates is approximately $87.1 million.
This loss would be substantially mitigated by corresponding gains on the underlying foreign currency exposures.
2 unchanged sentences
The purpose of these derivative instruments is to protect us against foreign currency exposure related receivables, payables and intercompany transactions that are denominated in currencies that are different from the functional currencies of the company or our respective legal entities.
−Removed: As of May 31, 2021, the fair value of these derivatives not designated as hedges was a net receivable of $9.6 million.
+Added: As of August 31, 2021, the fair value of these derivatives not designated as hedges was a net receivable of $2.7 million.
Interest Rate Risk
−Removed: At May 31, 2021, all of our outstanding debt under the Credit Facility and Securitization Facility is variable debt, which exposes the Company to changes in interest rates.
+Added: At August 31, 2021, all of our outstanding debt under the Credit Facility and Securitization Facility is variable debt, which exposes the Company to changes in interest rates.
Holding other variables constant, including the total amount of outstanding indebtedness, a one hundred basis point increase in interest rates on our variable-rate debt would cause an estimated increase in interest expense of approximately $8.7 million per year.
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.