6 unchanged sentences
We do not enter into derivative financial instruments for speculative purposes.
−Removed: The following discussion and analysis only address our market risk and does not address other financial risks that we face in the normal course of business, including credit risk and liquidity risk.
+Added: The following discussion and analysis only addresses our market risk and does not address other financial risks that we face in the normal course of business, including credit risk and liquidity risk.
Interest Rate Risk
−Removed: Interest rate risk management aims to protect consolidated Net income from negative effects from market interest rate fluctuations.
+Added: Interest rate risk management aims to protect consolidated Net income from negative effects due to market interest rate fluctuations.
Orion is exposed to interest rate risk, which might arise from incurring new liabilities due to higher interest rates.
−Removed: We also have term loans which are variable interest rate instruments, that exposes us to market risk arising from changes in the yield curve.
+Added: We also have term loans which are variable interest rate instruments, that expose us to market risk arising from changes in the yield curve.
Appropriate hedging instruments are in place to mitigate the exposure arising from increasing interest rates.
35 unchanged sentences
We maintain risk management control practices to monitor foreign currency risk attributable to our intercompany and third party outstanding foreign currency balances.
−Removed: These practices involve the centralization of our exposure to underlying currencies that are not subject to central bank and/or country specific restrictions.
+Added: These practices involve the centralization of our exposure to underlying currencies that are not
+Added: subject to central bank and/or country specific restrictions.
By centralizing most of our foreign currency exposure into one subsidiary, we are able to take advantage of any natural offsets, thereby reducing the overall impact of changes in foreign currency rates on our earnings.
10 unchanged sentences
Sales prices under non-indexed contracts are reviewed on a quarterly basis to reflect raw material and market fluctuation.
−Removed: We believe that our contracts enable us to generally maintain our Segment Adjusted EBITDA Margins.
+Added: We believe that our contracts enable us to generally maintain our Segment margins.
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.