Search Definitions

Presentation currency is the currency in which the financial statements are presented. …

Spot exchange rate is the exchange rate for immediate delivery. …

A currency is exchangeable into another currency when an entity is able to obtain the other currency within a time frame that allows for a normal administrative delay and through a market or exchange mechanism in which an exchange transaction would create …

The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. …

Rating of credit risk based on the risk of a default occurring on the financial instrument. …

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange …

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. …

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial …

Loans payable are financial liabilities, other than short-term trade payables on normal credit terms. …

The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk , interest rate risk and other price risk …