2 unchanged sentences
We do not utilize hedging contracts or similar instruments.
−Removed: We are exposed to certain market risks relating primarily to interest rate risk on our cash and cash equivalents and risks relating
−Removed: to the financial viability of the institutions which hold our capital and through which we have invested our funds.
−Removed: such risks by investing in short-term, liquid, highly rated instruments.
−Removed: As of December 31, 2020, our cash equivalents are invested
−Removed: primarily in short-term U.S.
+Added: are exposed to certain market risks relating primarily to interest rate risk on our cash and cash equivalents and risks relating to the
+Added: financial viability of the institutions which hold our capital and through which we have invested our funds.
+Added: We manage such risks by
+Added: investing in short-term, liquid, highly rated instruments.
+Added: As of December 31, 2021, our cash equivalents only included cash deposits
+Added: From time to time, we do have cash investments in short-term money market or U.S.
treasury bills.
−Removed: We do not believe we have any material exposure to interest rate risk due to the
−Removed: extremely low interest rate environment and the short duration of the invested funds we hold.
−Removed: Declines in interest rates would
−Removed: reduce our investment income but would not have a material effect on our financial condition or results of operations.
−Removed: currently have exposure to foreign currency risk.
+Added: We do not believe we have
+Added: any material exposure to interest rate risk due to the extremely low interest rate environment and the short duration of the invested
+Added: funds we hold.
+Added: Declines in interest rates would reduce our investment income but would not have a material effect on our financial condition
+Added: or results of operations.
+Added: We do not currently have exposure to foreign currency risk.
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.