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NDAQ » Topics » Non-Designated Derivatives

These excerpts taken from the NDAQ 10-K filed Feb 27, 2009.

Non-Designated Derivatives

 

We also use derivatives as economic hedges that are not designed as accounting hedges or do not qualify for hedge accounting treatment. For derivative financial instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are reported in current period earnings included in gain (loss) on foreign currency contracts within other income (expense), net in the Consolidated Statements of Income. As of December 31, 2008 and December 31, 2007, we had open foreign currency contracts hedging currency risk in our receivables. See Note 17, “Derivative Financial Instruments and Hedging Activities,” for further discussion.

 

Non-Designated Derivatives


 

We also use derivatives as economic hedges that are not designed as
accounting hedges or do not qualify for hedge accounting treatment. For derivative financial instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are reported in current period earnings included
in gain (loss) on foreign currency contracts within other income (expense), net in the Consolidated Statements of Income. As of December 31, 2008 and December 31, 2007, we had open foreign currency contracts hedging currency risk in our
receivables. See Note 17, “Derivative Financial Instruments and Hedging Activities,” for further discussion.

 

STYLE="margin-top:0px;margin-bottom:0px">Derivative Financial Instruments that Qualify for Hedge Accounting

 


Derivative financial instruments that are entered into for hedging purposes are designated as such when we enter into the contract. For all derivative
financial instruments that are designated for hedging activities, we

 


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The NASDAQ OMX Group, Inc.

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Notes to Consolidated Financial Statements—(Continued)

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formally document all of the hedging relationships between the hedge instruments and the hedged items at the inception of the relationships. We also formally
document our risk management objectives and strategies for entering into the hedge transactions. We formally assess, at inception and on a quarterly basis, whether derivatives designated as hedges are highly effective in offsetting the fair value or
cash flows of hedged items. If it is determined that a derivative is no longer highly effective as a hedge, we will discontinue the application of hedge accounting.

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This excerpt taken from the NDAQ 10-Q filed Nov 7, 2008.

Non-Designated Derivatives

For derivative financial instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are reported in current period earnings, in other income (expense), net in the Condensed Consolidated Statements of Income. As of September 30, 2008, we had open foreign currency contracts hedging currency risk in our receivables as well as in connection with the Nord Pool transaction.

This excerpt taken from the NDAQ 10-Q filed Aug 8, 2008.

Non-Designated Derivatives

For derivative financial instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are reported in current period earnings, in other income (expense), net in the Condensed Consolidated Statements of Income.

This excerpt taken from the NDAQ 10-Q filed May 9, 2008.

Non-Designated Derivatives

For derivative financial instruments that do not qualify for hedge accounting or are not designated as hedges, changes in fair value are reported in current period earnings, in other income (expense), net in the Condensed Consolidated Statements of Income.

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009
10-Q
Nov 7, 2008
10-Q
Aug 8, 2008
10-Q
May 9, 2008

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