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NDAQ » Topics » HEDGING OF FINANCIAL LOANS AND ASSETS

This excerpt taken from the NDAQ 8-K filed Aug 1, 2008.

HEDGING OF FINANCIAL LOANS AND ASSETS

The table shows a summary of the Group’s currency futures for hedging of financial assets and loans as at December 31, 2007.

 

29

Currency   

Hedged in each

base currency
(m)1)

    Nominal value
at year-end rate
(SEK m)		    Nominal value
at forward rate
(SEK m)		   

Unrealized

forward result
(SEK m)

    Average
forward
rate2)		    Date of
maturity

AUD/SEK

    17.2    96.9    97.4    -0.5    5.66    < 12 mån

CAD/SEK

    0.1    0.5    0.5    0.0    6.41    < 12 mån

DKK/SEK

    460.1    582.4    573.2    9.2    1.25    < 12 mån

EUR/SEK

    47.3    446.3    444.5    1.8    9.40    < 12 mån

GBP/SEK

    -16.2    -208.7    -212.5    3.8    13.11    < 12 mån

HKD/SEK

    -4.1    -3.3    -3.3    0.0    0.81    < 12 mån

ISK/SEK

    866.2    89.0    92.1    -3.2    0.11    < 12 mån

NOK/SEK

    21.3    25.3    25.9    -0.6    1.22    < 12 mån

SGD/SEK

    0.8    3.3    3.3    0.1    4.37    < 12 mån

THB/SEK

    -8.4    -1.8    -1.7    -0.1    0.20    < 12 mån

USD/SEK

    13.1    83.8    84.0    -0.3    6.43    < 12 mån

Total

       1,113.7    1,103.4    10.2      

 

1)

The aggregated negative change in value of the forward contracts in the event of a +/- 5-percent change in the exchange-rate corresponds to SEK 76.9 m (based on the nominal amount of the contract at forward rate).

2)

The average forward rate is based on the spot rate in the forward contracts entered into. Thus, the forward premium is excluded.

This excerpt taken from the NDAQ 8-K filed May 2, 2008.

HEDGING OF FINANCIAL LOANS AND ASSETS

The table shows a summary of the Group’s currency futures for hedging of financial assets and loans as at December 31, 2007.

 

29

Currency   

Hedged in each

base currency
(m)1)

    Nominal value
at year-end rate
(SEK m)		    Nominal value
at forward rate
(SEK m)		   

Unrealized

forward result
(SEK m)

    Average
forward
rate2)		    Date of
maturity

AUD/SEK

    17.2    96.9    97.4    -0.5    5.66    < 12 mån

CAD/SEK

    0.1    0.5    0.5    0.0    6.41    < 12 mån

DKK/SEK

    460.1    582.4    573.2    9.2    1.25    < 12 mån

EUR/SEK

    47.3    446.3    444.5    1.8    9.40    < 12 mån

GBP/SEK

    -16.2    -208.7    -212.5    3.8    13.11    < 12 mån

HKD/SEK

    -4.1    -3.3    -3.3    0.0    0.81    < 12 mån

ISK/SEK

    866.2    89.0    92.1    -3.2    0.11    < 12 mån

NOK/SEK

    21.3    25.3    25.9    -0.6    1.22    < 12 mån

SGD/SEK

    0.8    3.3    3.3    0.1    4.37    < 12 mån

THB/SEK

    -8.4    -1.8    -1.7    -0.1    0.20    < 12 mån

USD/SEK

    13.1    83.8    84.0    -0.3    6.43    < 12 mån

Total

       1,113.7    1,103.4    10.2      

 

1)

The aggregated negative change in value of the forward contracts in the event of a +/- 5-percent change in the exchange-rate corresponds to SEK 76.9 m (based on the nominal amount of the contract at forward rate).

2)

The average forward rate is based on the spot rate in the forward contracts entered into. Thus, the forward premium is excluded.

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

(v) Hedging of financial loans and assets

The table shows a summary of the Group’s currency futures for hedging of financial assets and loans as at December 31, 2006:

 

Currency  

Hedged in

each base
currency
(millions)

    

Nominal value at
year end rate

(SEK in millions)

    

Nominal value at
forward rate

(SEK in millions)

     Unrealized
forward result
(SEK in
millions)		    

Average
forward

rate(1)

   Date of
maturity
 

AUD/SEK

   21.2     114.8     115.2     (0.3 )   5.43   < 12 months

CAD/SEK

   (0.8 )   (4.6 )   (4.6 )   —     5.96   < 12 months

DKK/SEK

   385.7     467.6     467.7     (0.1 )   1.21   < 12 months

EUR/SEK

   54.0     487.7     487.6     0.1     9.04   < 12 months

GBP/SEK

   (12.6 )   (169.4 )   (168.4 )   (1.1 )   13.38   < 12 months

HKD/SEK

   (4.0 )   (3.5 )   (3.5 )   —     0.88   < 12 months

NOK/SEK

   4.9     5.4     5.6     (0.2 )   1.13   < 12 months

SGD/SEK

   0.9     3.8     3.8     —     4.47   < 12 months

THB/SEK

   (8.0 )   (1.5 )   (1.5 )   —     0.19   < 12 months

USD/SEK

   7.5     51.5     51.1     0.4     6.82   < 12 months
           

Total

     951.8     953.0     (1.2 )    
 

(1) The average forward rate is based on the spot rate in the forward contracts entered into. Thus, the forward premium is excluded.

 

F-33

EXCERPTS ON THIS PAGE:

8-K
Aug 1, 2008
8-K
May 2, 2008
8-K
Feb 20, 2008

RELATED TOPICS for NDAQ:

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