β¨ Financial Statements Notes
10 AUGUST 2010 NEW ZEALAND GAZETTE, No. 98 2587
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2010 (Continued)
The Trust is also party through its Managed Funds, to financial instruments with off Balance Sheet risk to reduce exposure to fluctuations in foreign currency interest rates. Future contracts are entered into to hedge foreign currency fixed interest transactions.
Interest Rate Risk
The following investments of the Trust are sensitive to changes in interest rate: Bank Call Accounts and Term Deposits, and various Managed Fund investments.
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β¨ LLM interpretation of page content
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Notes to the Financial Statements for The Community Trust of Mid & South Canterbury Inc.
(continued from previous page)
π’ State Enterprises & InsuranceFinancial Statements, Interest Rate Risk, Financial Instruments, Foreign Currency, Managed Funds
NZ Gazette 2010, No 98