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NDAQ » Topics » HEDGING RELATIONS

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

HEDGING RELATIONS

The table summarizes the hedging relations reported by the Group for which hedge accounting are applied. The type of hedging entered into is specified in the table.

All currency hedges expire within 12 months. The hedging relation for interest swaps expires in December 2008.

 

28

Hedging instrument   Type of hedging   Hedged item   Currency   Hedged amount
in base currency
(m)		   Nominal value
at year-end rate,
(SEK m)		   Nominal value
at forward rate,
(SEK m)		   Unrealized
forward rate,
(SEK m)		   Average
forward
rate1)

Currency future

  

Fair value hedge

  

Contracted Currency flows

   EUR/SEK   -60.9   -574.7   -571.7   -2.9   9.39

Currency future

  

Hedge of net investment

  

Shareholders’ equity

            
   

equity in subsidiary

   EUR/SEK   -160.0   -1,510.6   -1,510.9   0.2   9.44

Currency future

  

Fair value hedge

  

Contracted Currency flows

   NOK/SEK   -32.2   -38.2   -39.1   0.9   1.22

Currency future

  

Fair value hedge

  

Contracted Currency flows

   RUB/SEK   -16.0   -4.2   -4.1   -0.1   0.26

Currency future

  

Fair value hedge

  

Contracted Currency flows

   USD/SEK   -60.4   -387.4   -386.9   -0.4   6.41

Interest swap

  

Fair value hedge

  

Issued bonds

   SEK   200.0   200.0   N/A   -0.4   N/A

Total

               -2.7  

 

1)

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 RELATIONS

The table summarizes the hedging relations reported by the Group for which hedge accounting are applied. The type of hedging entered into is specified in the table.

All currency hedges expire within 12 months. The hedging relation for interest swaps expires in December 2008.

 

28

Hedging instrument   Type of hedging   Hedged item   Currency   Hedged amount
in base currency
(m)		   Nominal value
at year-end rate,
(SEK m)		   Nominal value
at forward rate,
(SEK m)		   Unrealized
forward rate,
(SEK m)		   Average
forward
rate1)

Currency future

  

Fair value hedge

  

Contracted Currency flows

   EUR/SEK   -60.9   -574.7   -571.7   -2.9   9.39

Currency future

  

Hedge of net investment

  

Shareholders’ equity

            
   

equity in subsidiary

   EUR/SEK   -160.0   -1,510.6   -1,510.9   0.2   9.44

Currency future

  

Fair value hedge

  

Contracted Currency flows

   NOK/SEK   -32.2   -38.2   -39.1   0.9   1.22

Currency future

  

Fair value hedge

  

Contracted Currency flows

   RUB/SEK   -16.0   -4.2   -4.1   -0.1   0.26

Currency future

  

Fair value hedge

  

Contracted Currency flows

   USD/SEK   -60.4   -387.4   -386.9   -0.4   6.41

Interest swap

  

Fair value hedge

  

Issued bonds

   SEK   200.0   200.0   N/A   -0.4   N/A

Total

               -2.7  

 

1)

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

EXCERPTS ON THIS PAGE:

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

RELATED TOPICS for NDAQ:

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