QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−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 to fluctuations in short-term interest rates.
+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 interest
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 fixed, changes in interest rates will not directly
−Removed: impact our cash flows.
+Added: Because the interest rate on these instruments is fixed, changes in interest rates will not
+Added: directly impact our cash flows.
Financing transactions funded with our cash flows, not debt, are subject to interest rate risk.
−Removed: If the market interest rate exceeds our internal rate of return, we may not fund the transaction to obtain the proceeds.
−Removed: under the WFCDF Credit Facility bear interest at a market-based variable rate.
−Removed: As of June 30, 2023, the aggregate fair value of our recourse and non-recourse borrowings approximated their carrying value.
−Removed: 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 e Plus entities.
+Added: If the market interest rate exceeds our internal rate of return, we may not fund the transaction to obtain the
+Added: Borrowings under the WFCDF Credit Facility bear interest at a market-based variable rate.
+Added: As of September 30, 2023, the aggregate fair value of our recourse and non-recourse borrowings 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
+Added: other e Plus entities.
Additionally, 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,
−Removed: and Canadian dollars.
+Added: As a lessor, we lease assets for amounts denominated in British
+Added: Pounds, Euros, and Canadian dollars.
To date, foreign currency exposure associated with purchases and sales of the products and services we provide has not been significant.
−Removed: We have incurred foreign currency transaction gains and losses in certain foreign
−Removed: subsidiaries on US dollar denominated loans.
+Added: We have incurred foreign currency transaction gains and losses in
+Added: certain foreign subsidiaries on US dollar denominated loans.
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.