4 unchanged sentences
INTEREST RATE RISK
−Removed: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize our lines of credit
−Removed: and other financing facilities which are subject to fluctuations in short-term interest rates.
−Removed: These non-recourse instruments, which are denominated in US dollars, were entered for other than trading purposes and, except for amounts drawn
−Removed: under the WFCDF facility, bear interest at a fixed rate.
+Added: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize our lines of credit and other financing facilities which are subject to fluctuations in
+Added: short-term interest rates.
+Added: These non-recourse instruments, which are denominated in US dollars, were entered for other than trading purposes and, except for amounts drawn under the WFCDF Credit Facility, bear interest at a fixed rate.
Because the interest rate on these instruments is fixed, changes in interest rates will not directly impact our cash flows.
−Removed: financing transactions are funded with our cash flows, not debt, and may be subject to interest rate risk.
+Added: Our financing transactions are funded with our cash flows, not debt, and may be subject to interest
If the market interest rate exceeds our internal rate of return, we may not fund the transaction to obtain the proceeds.
−Removed: Borrowings under the WFCDF facility bear interest at a market-based variable rate.
+Added: Borrowings under the WFCDF Credit Facility bear interest at a
+Added: market-based variable rate.
FOREIGN CURRENCY RISK
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 translation exposure associated
−Removed: with the preparation of our consolidated financial statements.
+Added: There is a potential for exposure to fluctuations in foreign currency rates resulting primarily from the translation exposure
+Added: associated with the preparation of our consolidated financial statements.
In addition, we have foreign currency exposure when transactions are not denominated in our subsidiary’s functional currency.
−Removed: To date, our foreign operations are insignificant in
−Removed: 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.
+Added: To date, our foreign operations are
+Added: 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.
We lease assets in foreign countries, including Canada, the UK, and several other European countries.
5 unchanged sentences
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.