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NDAQ » Topics » Gain on Foreign Currency Contracts, net

This excerpt taken from the NDAQ 10-Q filed May 8, 2009.

Gain on Foreign Currency Contracts, net

In the first quarter of 2008, we recorded a gain of $35 million which relates to gains on forward and option contracts entered into to hedge the foreign currency exposure on our business combination with OMX AB ($27 million) and an unrealized gain on a forward contract entered into to hedge the NOK cash payment for the Nord Pool transaction ($8 million). See “Derivatives Not Designated as Hedges,” of Note 14, “Derivative Financial Instruments and Hedging Activities,” to the condensed consolidated financial statements for further discussion.

 

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