QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: Our cash flow may be adversely affected by the risks related to the COVID-19 pandemic, which may result in delays in the collections of
−Removed: our accounts receivables or non-payment.
−Removed: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize lines of credit and other financing facilities that are subject
−Removed: to fluctuations in short-term interest rates.
+Added: Our cash flow may be adversely affected by the risks related to the COVID-19 pandemic, which may result in delays in the collections of our accounts receivables or
+Added: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize lines of credit and other financing facilities that are subject to fluctuations in short-term
+Added: interest rates.
Our non-recourse instruments, which are denominated in US dollars, were entered for other than trading purposes and bear interest at a fixed rate.
−Removed: Because the interest rate on these instruments is
−Removed: fixed, changes in interest rates will not directly impact our cash flows.
+Added: Because the interest rate on these instruments is fixed, changes in interest rates
+Added: will not directly impact our cash flows.
Financing transactions funded with our cash flows, not debt, and may be subject to interest rate risk.
2 unchanged sentences
Borrowings under the WFCDF credit facility bear interest at a market-based variable rate.
−Removed: As of December 31, 2021, the aggregate fair value of our
−Removed: recourse and non-recourse borrowings approximated their carrying value.
−Removed: We have transactions in foreign currencies, primarily in British Pounds, Euros, and Indian Rupees.
−Removed: There is a potential for exposure to fluctuations in foreign currency rates resulting primarily from the
−Removed: translation exposure associated with the preparation of our consolidated financial statements.
−Removed: In addition, we have foreign currency exposure when transactions are not denominated in our subsidiary’s functional currency.
−Removed: To date, our foreign
−Removed: operations are insignificant in relation to total consolidated operations, and we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
−Removed: We evaluate developments related to the UK leaving the European Union on a regular basis to determine if such developments will have a material impact on our results on operations and financial position.
−Removed: Our assessment is that foreign currency exposure for our UK operations is insignificant in relation to total consolidated operations, and we believe those potential fluctuations in currency exchange rates and other economic and operational risks
−Removed: will not have a material effect on our results of operations and financial position.
−Removed: We lease assets in foreign countries, including Canada, the UK and several other European countries.
−Removed: As a lessor, we lease assets for amounts denominated in British Pounds, Euros, and
−Removed: Canadian dollars.
−Removed: As our foreign operations have been smaller compared to our domestic operations, we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
+Added: As of June 30, 2022, the aggregate fair value of our recourse and non-recourse borrowings
+Added: approximated their carrying value.
+Added: We have foreign currency exposure when transactions are not denominated in our subsidiaries’ functional currency, which include purchases and sales of the products and services we provide, as well as loans with other
+Added: e Plus entities.
+Added: Additionally, we lease assets in foreign countries, including Canada, the UK, and several other European countries.
+Added: As a lessor, we lease assets for amounts denominated in British Pounds,
+Added: Euros, and Canadian dollars.
+Added: To date, foreign currency exposure associated with purchases and sales of the products and services we provide has not been significant.
+Added: We have incurred foreign currency transaction gains and losses in certain foreign
+Added: subsidiaries on US dollar denominated loans.
+Added: Fluctuations in currency exchange rates may impact our results of operations and financial position.
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.