Define the type of hedging arrangement

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Reference no: EM132749546

Question: - Define the type of hedging arrangement that Giant is attempting to use with the Cross-Currency Hedging Instrument and EUR Debt-Hedging Instrument to hedge against changes in foreign currency exposure. In other words, are these cash flow hedges, fair value hedges, or net investment hedges?

- What documentation requirements must Giant meet for its hedges to qualify for hedge accounting? Identify the appropriate Codification reference to support your response.

- Does the hedging relationship associated with the Cross-Currency Hedging Instrument qualify for hedge accounting? Assume that Giant prepared its hedge documentation at the inception of the hedging relationship.

- Does the hedging relationship associated with the EUR Debt-Hedging Instrument qualify for hedge accounting? Assume that Giant prepared its hedge documentation at the inception of the hedging relationship.

Reference no: EM132749546

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