4 unchanged sentences
Interest Rate Risk
−Removed: We are exposed to interest rate risk on our variable-rate debt, comprised of the term loans, Revolver and our Timeshare Facility and conduit facilities, of which the Timeshare Facility and conduit facilities, are without recourse to us.
+Added: We are exposed to interest rate risk on our variable-rate debt, comprised of the Term Loan, Revolver and our Timeshare Facility, of which the Timeshare Facility, is without recourse to us.
The interest rates are primarily based on one-month LIBOR and we are most vulnerable to changes in this rate.
1 unchanged sentence
We primarily use interest rate swaps as part of our interest rate risk management strategy for our variable-rate debt.
−Removed: Our interest rate swaps have been designated and qualify as cash flow hedges of interest rate risk and recorded as an asset in Other Assets in our unaudited condensed consolidated balance sheets as of June 30, 2022 and December 31, 2021.
+Added: Our interest rate swaps have been designated and qualify as cash flow hedges of interest rate risk and recorded as an asset in Other Assets in our unaudited condensed consolidated balance sheets as of September 30, 2022 and December 31, 2021.
For further information regarding these swaps, see Note 13:
4 unchanged sentences
dollar”), we are exposed to earnings and cash flow volatility associated with changes in foreign currency exchange rates.
−Removed: Our principal exposure results from our timeshare financing receivables denominated in Japanese yen and Canadian dollars, the value of which could change materially in reference to our reporting currency, the U.S.
+Added: Our principal exposure results from our sales of VOIs in Japanese Yen and timeshare financing receivables denominated in Japanese yen and Canadian dollars, the value of which could change materially in reference to our reporting currency, the U.S.
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.