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Imperial Chemical Industries (ICI)
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Foreign currency derivative instruments
This excerpt taken from the
ICI 6-K
filed Mar 21, 2007.
Foreign currency derivative instruments
The Groups criteria to qualify for hedge accounting are:
•
The instrument must be related to a foreign currency asset or
liability that is probable and whose characteristics have been
identified;
•
It must involve the same currency as the hedged item; and
•
It must reduce the risk of foreign currency exchange movements
on the Groups operations.
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