Our flexible funding will allow you to fix and flip
your investment at a fair rate.
Not exact matches
Foreign currency amounts are translated into U.S. dollars on the following basis: (i)
fair value of
investment securities, assets and liabilities
at the current
rate of exchange; and (ii) purchases and sales of
investment securities, income and expenses
at the relevant
rates of exchange prevailing on the respective dates of such transactions.
While we continue to earn interest on these
investments at the maximum contractual
rate, the
fair value of certain of these auction
rate securities no longer approximates par value.
However, since their P&L is primarily composed of
fair value gains / losses on
investments (i.e. lawsuits), it's hard to say if you might perhaps be just receiving back capital (unfortunately taxed
at income tax
rates).
If market interest
rates were to increase immediately and uniformly by 10 % from the levels
at September 30, 2008, the
fair market value of these
investments would decline by an immaterial amount.