10 unchanged sentences
Interest Rate Risk
−Removed: We invest our corporate cash in short-term interest earning assets, primarily in our WisdomTree ETFs, federal agency debt instruments, money market instruments at a commercial bank and other securities which totaled $33.9 million and $35.7 million as of December 31, 2019 and September 30, 2020, respectively.
+Added: We invest our corporate cash in short-term interest earning assets, primarily in our WisdomTree ETFs, federal agency debt instruments, money market instruments at a commercial bank and other securities which totaled $36.0 million and $35.7 million as of December 31, 2020 and March 31, 2021, respectively.
We do not anticipate that changes in interest rates will have a material impact on our financial condition, operating results or cash flows.
−Removed: In addition, our Convertible Notes bear interest at a fix rate of interest of 4.25%.
+Added: In addition, our Convertible Notes bear interest at a fixed rate of 4.25%.
Therefore, we have no direct financial statement risk associated with changes in interest rates.
2 unchanged sentences
We are subject to currency translation exposure on the results of our non-U.S.
−Removed: operations, primarily in the United Kingdom and Europe.
+Added: operations, primarily in the U.K.
Foreign currency translation risk is the risk that exchange rate gains or losses arise from translating foreign entities’ statements of earnings and balance sheets from functional currency to our reporting currency (the U.S.
1 unchanged sentence
The advisory fees earned on our international listed ETPs are predominantly in U.S.
−Removed: dollars (and also paid in gold ounces, as described below), however, expenses for corporate overhead are generally incurred in British pounds.
+Added: dollars (and also paid in gold ounces, as described below);
+Added: however, expenses for corporate overhead are generally incurred in British pounds.
Currently, we do not enter into derivative financial instruments aimed at offsetting certain exposures in the statement of operations or the balance sheet but may seek to do so in the future.
3 unchanged sentences
In addition, a portion of the advisory fee revenues we receive on our ETPs backed by gold are paid in gold ounces.
−Removed: In addition, we pay gold ounces to satisfy our deferred consideration obligation (Note 11 to our Consolidated Financial Statements).
+Added: In addition, we pay gold ounces to satisfy our deferred consideration obligation (See Note 9 to our Consolidated Financial Statements).
While we may readily sell the gold that we earn under these advisory contracts, we still may maintain a position.
1 unchanged sentence
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.