AMD 1994 Annual Report Download - page 409
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Please find page 409 of the 1994 AMD annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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The counterparties to the agreements relating to the company's foreign
exchange and interest rate instruments consist of a number of major high credit
quality international financial institutions. The company does not believe that
there is significant risk of nonperformance by these counterparties because the
company continually monitors the credit ratings of such counterparties, and
limits the financial exposure and the amount of agreements entered into with any
one financial institution. While the notional amounts of financial instruments
are often used to express the volume of these transactions, the potential
accounting loss on these transactions if all counterparties failed to perform is
limited to the amounts, if any, by which the counterparties' obligations under
the contracts exceed the obligations of the company to the counterparties.
16 ADVANCED MICRO DEVICES, INC.
Source: ADVANCED MICRO DEVIC, 10-K, March 07, 1995