Thus, table 2 below depicts the differences and similarities of forward exchange contract
and Islamic FX forward which is also known as Promisory forward exchange contract
Enter into a foreign currency forward exchange contract
, designating the transaction as a fair value (asset exposure) hedge.
1 billion yen, reflecting forward exchange contract
Currency Risk -- traditional solutions such as forward foreign exchange and 24-Hour Market Watch, to more innovative solutions such as the bank's new flexible forwards (providing clients with the security of a Forward Exchange Contract
and the flexibility of a Currency Option);
5 million gain on a forward exchange contract
entered into as a result of the acquisition of Orderman GmbH (second quarter 2008), and a $0.
Most firms grossly overestimate the cost of hedging their foreign exchange exposure; the effective comparison is between today's forward exchange rate and the estimate of the spot exchange rate on the date the forward exchange contract
matures, for an extended series of transactions.
received, and the loss on the forward exchange contract
In May, 2007 the secured forward exchange contract
with respect to Gaylord's shares of Viacom, Inc.
3 Adjusted EBITDA for the Hospitality Segment (defined as earnings before interest, taxes, depreciation, amortization, as well as certain unusual items) is used herein because we believe it allows for a more complete analysis of operating performance by presenting an analysis of operations separate from the earnings impact of capital transactions and without certain items that do not impact our ongoing operations such as the effect of the changes in fair value of the Viacom and CBS stock we own and changes in the fair value of the derivative associated with our secured forward exchange contract
and gains on the sale of assets.
and the loss on the forward exchange contract
was charged to
5 million as a result of entering into a forward exchange contract
in preparation for the acquisition of Orderman GmbH.
While these items (other than restructuring, the gain realized on our forward exchange contract
and the pre-acquisition charges of potential transactions that will not take place) are recurring and affect GAAP net income, we do not use them to assess our operational performance for any particular period because (a) these items affect multiple periods and are unrelated to business performance in a particular period; (b) we are not able to change these items in any particular period; and (c) these items do not contribute to the operational performance of our business for any particular period.