Announcement for Applicable to reaching the ceiling on losses for contracts of derivative transactions.
· Issued by National Aerospace Fasteners Corporation
Close
Today's Information
Provided by: National Aerospace Fasteners Corporation
SEQ_NO
2
Date of announcement
2022/07/07
Time of announcement
18:31:28
Subject
Announcement for Applicable to reaching the ceiling on
losses for contracts of derivative transactions.
Date of events
2022/07/07
To which item it meets
paragraph 20
Statement
1.Type of contract:Forward exchange
2.Date of occurrence of the event:2022/07/07
3.Contract price:USD22,000 thousands
4.Monetary amount of margin or royalties paid:None.
5.Ceiling on losses for aggregate or individual contracts set forth in the
Procedures:
Total contract loss limit USD 500 thousands
6.Reason for derivative transaction:Hedge Purpose.
7.Item(s) being hedged:Accounts Receivable
8.Monetary amount of the hedged item(s):USD22,000 thousands
9.Profit (loss) of the hedged item(s):
Realized and estimated unrealized losses of NTD15,360 thousand
10.The losses (including realized and unrealized losses) assessed using fair
value:Realized and estimated unrealized losses of NTD15,360 thousand
11.Reason for occurrence of the losses and the impact to the Company:
Reason for occurrence of the losses: Foreign exchange rate fluctuations.
Impact to the Company: Since they are the hedging transactions, there is no
significant impact
12.Contract period:2022/01/10-2022/09/23
13.Restrictive covenants:None.
14.Other important terms and conditions:None.
15.Any other matters that need to be specified:None.