FX Risk on Foreign-Currency-Denominated Assets
First written in FY2016. 2 of 3 entries say "Restated". Latest entry: FY2023.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Bank holds foreign-currency-denominated assets. It hedges the foreign exchange risk associated with these assets through funding in the same currencies and off-balance-sheet transactions, among other measures. However, it may incur losses if the effectiveness of these hedges is impaired by an unexpected event or for other reasons.」
The Bank reiterates its foreign exchange risk associated with foreign-currency-denominated assets and its hedging policy using funding in the same currencies and off-balance-sheet transactions. - FY2019RestatedAnnual report
「The Bank holds foreign-currency-denominated assets. It hedges the foreign exchange risk associated with these assets through funding in the same currencies and off-balance-sheet transactions, among other measures. However, it may incur losses if the effectiveness of these hedges is impaired by an unexpected event or for other reasons.」
The Bank reiterates its foreign exchange risk associated with foreign-currency-denominated assets and its hedging policy using funding in the same currencies and off-balance-sheet transactions. - FY2016First statedAnnual report
「The Bank holds a substantial amount of foreign-currency-denominated assets. It hedges the foreign exchange risk associated with these assets through funding in the same currencies and off-balance-sheet transactions, among other measures. However, it may incur losses if the effectiveness of these hedges is impaired by an unexpected event or for other reasons.」
The Bank primarily hedges through funding in the same currencies and off-balance-sheet transactions, while impairment of hedge effectiveness is identified as a risk.