13 unchanged sentences
Foreign currency remeasurement gains or losses on monetary assets and liabilities in nonfunctional currencies are recognized in the consolidated statements of income within general and administrative expenses.
−Removed: Realized and unrealized gains/losses from foreign currency re-measurement of transactions in nonfunctional currencies recognized in the consolidated statements of income within general and administrative expense totaled a $2.3 million loss, a $4.0 million loss and a $1.3 million gain for the years ended December 31, 2022, 2021 and 2020, respectively.
+Added: Realized and unrealized losses from foreign currency re-measurement of transactions in nonfunctional currencies recognized in the consolidated statements of income within general and administrative expense totaled a loss of $1.6 million, $2.3 million and $4.0 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Since our consolidated financial statements are presented in U.S.
34 unchanged sentences
Effect of 10% change on operating income +/- $ 8,700 +/- $ 8,500 +/- $ 7,700
−Removed: We have derivative risk relating to our foreign currency forward contracts.
+Added: We have derivative risk relating to our foreign exchange derivative contracts.
We enter into foreign currency forward contracts to mitigate our U.S.
dollar and British pound sterling versus euro exposure, generally with a duration of not more than 12 months.
+Added: In June 2023, we also entered into a foreign currency call option on Australian dollars, in order to partially mitigate the Company’s U.S.
+Added: dollar versus Australian dollar foreign exchange exposure on the then-anticipated payment of the Australian dollar denominated purchase price for the Yieldbroker Acquisition.
+Added: The out-of-the-money foreign currency call option was unwound in August 2023 and we recognized losses during the year ended December 31, 2023 totaling $1.3 million relating to this option.
We do not use derivative instruments for trading or s peculative purposes.
As of December 31, 2023 and 2022, the notional amount of our foreign currency forward contracts was $192.9 million and $162.8 million , respectively.
−Removed: Realized and unrealized gains/losses on foreign currency forward contracts totaled a $4.9 million gain, a $9.0 million gain and a $6.3 million loss for the years ended December 31, 2022, 2021 and 2020, respectively.
+Added: Realized and unrealized gains on foreign currency forward contracts totaled a gain of $0.8 million, $4.9 million and $9.0 million for the years ended December 31, 2023, 2022 and 2021, respectively.
By using derivative instruments to hedge exposures to foreign currency fluctuations, we are exposed to credit risk.
3 unchanged sentences
We attempt to minimize counterparty credit risk in derivative instruments by entering into transactions with high-quality counterparties whose credit rating is at least upper-medium investment grade.
+Added: As of December 31, 2023 and 2022 , the counterparty on each of the foreign exchange derivative contracts was an affiliate of LSEG.
+Added: Cash and cash equivalents includes cash and highly liquid investments held by a limited number of global financial institutions, including cash amounts in excess of federally insured limits.
+Added: To mitigate this concentration of credit risk, the Company invests through high-credit-quality financial institutions, monitors the concentration of credit exposure of investments with any single obligor and diversifies as determined appropriate.
We have credit risk relating to our receivables, which are primarily receivables from financial institutions, including investment managers and brokers and dealers.
8 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.