MasterCard 2015 Annual Report Download - page 53

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47
in Note 12 (Debt) to the consolidated financial statements included in Part II, Item 8. See “Future Obligations” for estimated
interest payments due by period relating to the U.S. dollar-denominated and euro-denominated debt.
At December 31, 2015, we have a credit facility which provides liquidity for general corporate purposes, including providing
liquidity in the event of one or more settlement failures by the Company’s customers. This credit facility has variable rates, which
are applied to the borrowing based on terms and conditions set forth in the agreement. In conjunction with the credit facility,
we have established a Commercial Paper Program. See Note 12 (Debt) to the consolidated financial statements in Part II, Item
8 for additional information on the Company’s current and prior credit facilities and Commercial Paper Program. With the
exception for business continuity planning, we did not borrow under the prior or current credit facilities as of December 31, 2015
and 2014 and there were no outstanding borrowings under the Commercial Paper Program as of December 31, 2015.
Equity Price Risk
The Company did not have significant equity price risk as of December 31, 2015 and 2014.