How detailed must disclosures of the “primary risk exposures” be?
Answer The qualitative information should be in detail that is sufficient to inform the reader of the particular markets that present the primary risk of loss to the company. For example, if a company determines that it has a material exposure to foreign currency exchange rate risk, the company would disclose particular foreign currencies to which it is most vulnerable (e.g. dollar/pound, yen/peso, etc.).
