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This excerpt taken from the WYN 10-K filed Feb 27, 2009. Credit
Risk and Exposure
The Company is exposed to counterparty credit risk in the event
of nonperformance by counterparties to various agreements and
sales transactions. The Company manages such risk by evaluating
the financial position and creditworthiness of such
counterparties and by requiring collateral in instances in which
financing is provided. The Company mitigates counterparty credit
risk associated with its derivative contracts by monitoring the
amounts at risk with each counterparty to such contracts,
periodically evaluating counterparty creditworthiness and
financial position, and where possible, dispersing its risk
among multiple counterparties.
As of December 31, 2008, there were no significant
concentrations of credit risk with any individual counterparty
or groups of counterparties. However, approximately 20% of the
Company’s outstanding vacation ownership contract
receivables portfolio relates to customers who reside in
California. With the exception of the financing provided to
customers of its vacation ownership businesses, the Company does
not normally require collateral or other security to support
credit sales.
This excerpt taken from the WYN 10-K filed Feb 29, 2008. Credit
Risk and Exposure
The Company is exposed to counterparty credit risk in the event
of nonperformance by counterparties to various agreements and
sales transactions. The Company manages such risk by evaluating
the financial position and creditworthiness of such
counterparties and by requiring collateral in instances in which
financing is provided. The Company mitigates counterparty credit
risk associated with its derivative contracts by monitoring the
amounts at risk with each counterparty to such contracts,
periodically evaluating counterparty creditworthiness and
financial position, and where possible, dispersing its risk
among multiple counterparties.
As of December 31, 2007, there were no significant
concentrations of credit risk with any individual counterparty
or groups of counterparties. However, approximately 22% of the
Company’s outstanding vacation ownership contract
receivables portfolio relates to customers who reside in
California. With the exception of the financing provided to
customers of its vacation ownership businesses, the Company does
not normally require collateral or other security to support
credit sales.
This excerpt taken from the WYN 10-K filed Mar 7, 2007. Credit
Risk and Exposure
The Company is exposed to counterparty credit risk in the event
of nonperformance by counterparties to various agreements and
sales transactions. The Company manages such risk by evaluating
the financial position and creditworthiness of such
counterparties and by requiring collateral in instances in which
financing is provided. The Company mitigates counterparty credit
risk associated with its derivative contracts by monitoring the
amounts at risk with each counterparty to such contracts,
periodically evaluating counterparty creditworthiness and
financial position, and where possible, dispersing its risk
among multiple counterparties.
As of December 31, 2006, there were no significant
concentrations of credit risk with any individual counterparty
or groups of counterparties. However, approximately 25% of the
Company’s outstanding vacation ownership contract
receivables portfolio relates to customers who reside in
California. With the exception of the financing provided to
customers of its vacation ownership businesses, the Company does
not normally require collateral or other security to support
credit sales.
This excerpt taken from the WYN 8-K filed Jul 19, 2006. Credit Risk and Exposure The Company is exposed to counterparty credit risk in the event of nonperformance by counterparties to various agreements and sales transactions. The Company manages such risk by evaluating the financial position and creditworthiness of such counterparties and by requiring collateral in instances in which financing is provided. The Company mitigates counterparty credit risk associated with its derivative contracts by monitoring the amounts at risk with each counterparty to such contracts, periodically evaluating counterparty creditworthiness and financial position, and where possible, dispersing its risk among multiple counterparties. As of December 31, 2005, there were no significant concentrations of credit risk with any individual counterparty or groups of counterparties. However, approximately 24% of the Company’s outstanding vacation ownership contract receivables portfolio relates to customers who reside in California. With the exception of the financing provided to customers of its vacation ownership businesses, the Company does not normally require collateral or other security to support credit sales. | EXCERPTS ON THIS PAGE:
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