TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A term used in accounting for foreign currency translation to distinguish a foreign operation that is deemed to be financially or operationally interdependent with the reporting entity; exposure to exchange rate changes is similar to the exposure that would exist had the transactions and activities of the foreign operation been undertaken by the reporting entity itself.  3, record 1, English, - integrated%20foreign%20operation

Record number: 1, Textual support number: 1 OBS

Compare with "self-sustaining foreign operation."  4, record 1, English, - integrated%20foreign%20operation

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Entité étrangère dont les liens avec l'entité mère en matière de gestion financière ou d'exploitation sont tels que l'effet des variations du cours du change est similaire à celui que l'on aurait si l'entité mère s'occupait elle-même des opérations conclues par l'entité étrangère et de l'exploitation de cette dernière.  1, record 1, French, - entit%C3%A9%20%C3%A9trang%C3%A8re%20int%C3%A9gr%C3%A9e

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

Export sales from domestic operations divided by total sales. The ratio indicates exposure to foreign risks, since sales taking place in other countries and other currencies will be affected by fluctuations in foreign currency and the policies of foreign governments.  1, record 2, English, - export%20sales%20as%20percentage%20of%20total%20sales

Record 2,  Textual support,  French

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

A term used in accounting for foreign currency translation to distinguish a foreign operation that is deemed to be financially and operationally independent of the reporting entity; exposure to exchange rate changes is limited to the reporting entity's net investment in the foreign operation.  1, record 3, English, - self%2Dsustaining%20foreign%20operation

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Établissement étranger dont les activités économiques ne font pas partie intégrante de celles de l'entité mère et dont l'indépendance par rapport à l'entité mère en matière de gestion financière et d'exploitation est telle que les variations du cours du change n'ont d'incidence que sur l'investissement net de l'entité mère dans l'établissement étranger.  1, record 3, French, - %C3%A9tablissement%20%C3%A9tranger%20autonome

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

A currency hedged strategy where, because of the difference in shape of the yield curves of two currencies, the difference in interest rates between these two currencies is not reflected in forward foreign exchange rates, giving arbitrage opportunities under which bonds of equivalent duration in these currencies can be swapped and the currency exposure hedged.  1, record 4, English, - yield%20pickup

Record 4,  Textual support,  French

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

Quanto-type instruments are an example of deals with joint equity and foreign currency exposure.  1, record 5, English, - quanto%2Dtype%20instrument

Record 5,  Textual support,  French

Record 5,  Textual support,  Spanish