In Millions of JPY (except for per share items) 3 months ending 2013-06-30 3 months ending 2013-03-31 3 months ending 2012-12-31 3 months ending 2012-09-30 3 months ending 2012-06-30 Revenue 1‚712‚712.00 1‚733‚029.00 1‚947‚980.00 1‚604‚659.00 1‚515‚183.00 Other Revenue‚ Total - - - - - Total Revenue 1‚712‚712.00 1‚733‚029.00 1‚947‚980.00 1‚604‚659.00 1‚515‚183.00 Cost of Revenue‚ Total
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� �PAGE �1� Treasury Risk Management CURRENCY AND INTEREST RATE SWAP _A CASE STUDY OF THE AUSTRALIAN FOREIGN EXCHANGE MARKET_ ABSTRACT Business transactions occur on the international front and there are laws and regulations regarding the pricing of the long-term forward exchange contracts. It is noted that the violation of the traditionally covered interest arbitrage pricing relation has been rampant and that the activity in the international currency and interest rate swap markets offers a
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whether Macau MOP should shift currency peg form HKD to RMB 6 1.1.1 From Macau Pataca should peg with RMB point of view6 1.1.2 From Macau Pataca should peg with HKD point of view 7 Conclusion8 Reference9 1. Introduction There are many reasons to celebrate Macau’s economic growth which enabled Macau push up the exchange rate of domestic currency Pataca. Unfortunately‚ the Pataca has been depreciating rapidly the currency RMB‚ its largest trading partner
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“A Report On Pricing and Technical Analysis of Derivatives” THE INDIAN INSTITUTE OF PLANNING AND MANAGEMENT EXECUTIVE SUMMARY The emergence of Derivatives market especially Futures and Options can be traced back to the willingness of the risk adverse economic agents to guard against themselves against the fluctuations in the price of Underlying asset. Derivatives‚ whose price is determined by the price of underlying asset‚ generally do not cause any fluctuations in the price of underlying
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Currency war between China and USA and its global impacts on economy. Currency War: Currency war‚ also known as competitive devaluation‚ is a condition in international affairs where countries compete against each other to achieve a relatively low exchange rate for their own currency. As the price to buy a particular currency falls so too does the real price of exports from the country. Imports become more expensive too‚ so domestic industry‚ and thus employment‚ receives a boost in demand
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Title To examine the effectiveness of internal organizational communication can reduce workplace conflicts at BMW Private Limited. Background Effective internal communications starts with effective skills in communication‚ including basic skills in speaking‚ listening‚ questioning and sharing feedbacks. Perhaps the most common problem faced by management is the lack of awareness understanding some piece of information being conveyed to the reception not clear which leads to misunderstandings
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place of the issue being presented……………………...…………………………..…..4 Other prominent risk concerned in the insurance industry……...…………………………..…….4 The analysis of the 3 different risks: Interest rate risk‚ Currency risk and Change in Regulation..5 Interest rate risk………………………………………………………………………...…5 Currency risk……………………………………………………………………….…....13 Change in regulation……………………………………………………………………..17 Conclusion……………………………………………………………………………………….23 Bibliography Introduction The term-
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Here‚ it is important to distinguish clearly between American-style and European-style options. For American options‚ the effect is unambiguous: Increasing the time to maturity always increases an option’s value because it increases the uncertainty of the spot exchange rate at maturity. When this effect is combined with the fact that the holder of a 6-month option can always treat the option as a 3-month option‚ we clearly see that the additional 3 months of maturity cannot hurt the payoff to the
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dollar weakens‚ other currencies necessarily increase. The euro is now trading above $1.48 to the dollar‚ a record high. And the Japanese yen is stronger than 109 to the dollar‚ a two-year high. All currency movements proximately reflect differentials in short-term interest rates. The weakness in the dollar over the last two months was caused by the Federal Reserve’s interest-rate cuts in September and October. Underlying economic fundamentals in each respective currency zone also affect exchange
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& Sachs 1998; Glick 1998). Partly because US market was the most important market for exports‚ the ‘export-depended’ ASEAN countries pegged their currencies to the US dollar. This pegged system worked well before 1995 as dollar fell against yen and was weak. However‚ since the second half of 1995‚ dollar began recovering against yen and other currencies. For illustration‚ by mid-1997‚ the value of dollar against yen rose by over 50% and against the German mark rose by 20%. Hence‚ this sharp dollar
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