Financial Instruments

I. General principles

  1. Reference texts, Scope, Definitions
  2. Recognition

II. Principles as per Solvay Annual Report

  1. Derivative financial instruments
  2. Hedge accounting

III. Specific instruments

  1. Cash flow hedge
  2. Trading
  3. Other instruments used for hedging purposes

IV. Abbreviations used in the description of specific instruments

CERCertified Emission Reductions
CFHCash Flow Hedge
EUAEuropean Union Allowances
FCFFree cash Flow
FXForeign Exchange
MTMMark to Market
NFINet Financial Indebtness
OCIOther Comprehensive Income
P/LProfit/Loss (income) Statement
SCFStatement of Cash Flow
SESSolvay Energy Services
WCWorking Capital