UPS » Topics » Credit Risk

This excerpt taken from the UPS 10-K filed Feb 27, 2009.

Credit Risk

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to financial institutions that meet established credit guidelines. We do not expect to incur any material losses as a result of counterparty default.

 

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Table of Contents
Item 8. Financial Statements and Supplementary Data
These excerpts taken from the UPS 10-K filed Feb 29, 2008.

Credit Risk

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of counterparty default.

 

38


Credit Risk

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the
agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of
counterparty default.

 


38









This excerpt taken from the UPS 10-K filed Mar 1, 2007.

Credit Risk

 

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of counterparty default.

 

This excerpt taken from the UPS 10-K filed Mar 14, 2006.

Credit Risk

 

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of counterparty default.

 

31


Index to Financial Statements
This excerpt taken from the UPS 8-K filed May 17, 2005.

Credit Risk

 

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of counterparty default.

 

14


This excerpt taken from the UPS 10-K filed Mar 14, 2005.

Credit Risk

 

The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements. However, we minimize such risk exposures for these instruments by limiting the counterparties to large banks and financial institutions that meet established credit guidelines. We do not expect to incur any losses as a result of counterparty default.

 

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