−Removed: QUANTITATIVE AND QUALITATIVE DISCLOSURES
−Removed: ABOUT MARKET RISK
+Added: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company has no freestanding or embedded derivatives.
−Removed: Company’s policy is to not use freestanding derivatives and to not enter into contracts with terms that cannot be designated
−Removed: as normal purchases or sales.
+Added: The Company’s policy is to not use freestanding derivatives and to not enter into contracts with terms that cannot be designated as normal purchases or sales.
The vast majority of our transactions are denominated in U.S.
−Removed: Although products sold by our Net2Edge subsidiary are generally denominated in British pounds, Net2Edge sales represented
−Removed: less than 5% of our consolidated net sales in 2020 and 2019.
−Removed: Therefore, fluctuations in foreign currency exchange rates have historically
−Removed: not been material to the Company.
−Removed: At December 31, 2020, our bank line of credit carried a LIBOR
−Removed: rate plus 1.25%, with a minimum LIBOR rate of 0.75%.
−Removed: The Company’s investments are money market, certificates of deposit,
−Removed: commercial paper, and corporate notes and bonds types of investments that earn interest at prevailing market rates and as such
−Removed: do not have material risk exposure.
−Removed: Based on the Company’s operations, in the opinion of management,
−Removed: the Company is not exposed to material future losses due to market risk.
−Removed: The Company believes its risk of material loss due to fluctuations
−Removed: in foreign currency markets to be small, primarily resulting from its Net2Edge operations and sales.
+Added: Therefore, fluctuations in foreign currency exchange rates have historically not been material to the Company.
+Added: The Company’s investments are money market, certificates of deposit, commercial paper, and corporate notes and bonds types of investments that earn interest at prevailing market rates and as such do not have material risk exposure.
+Added: Based on the Company’s operations, in the opinion of management, the Company is not exposed to material future losses due to market risk.
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.