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Fair Value Hedge
A hedge that protects against changes in the fair value of assets, liabilities, or firm commitments through the use of a derivative.
British Pounds
The currency of the United Kingdom, also known as GBP, which is one of the world's major currencies.
Foreign Exchange Gain
A profit resulting from changes in exchange rates affecting the value of investments or transactions in foreign currencies.
Non-Interest-Bearing Note
A type of debt instrument that does not pay interest but is instead issued at a substantial discount from its face value and pays its full face value at maturity.
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