Download PDF (619 ko )FSST and CSST Financial Statements 2007
Download PDF (619 ko )FSST and CSST Financial Statements 2007
Download PDF (619 ko )FSST and CSST Financial Statements 2007
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14. <strong>Financial</strong> Instruments<br />
Management of risks related to financial instruments<br />
<strong>CSST</strong> management has implemented the policies <strong>and</strong> procedures required to manage <strong>and</strong> control the<br />
risks inherent in financial instruments.<br />
Credit risk<br />
The use of financial instruments may entail a credit risk corresponding to the risk of financial loss<br />
resulting from a counterparty’s inability or refusal to fully meet its contract obligations.<br />
Since the <strong>CSST</strong>’s receivables stem from its role as a government insurer, it must assume its credit<br />
risk with regard to them. However, it ensures sound management of its receivables by applying strict<br />
terms <strong>and</strong> conditions for recovery <strong>and</strong> establishing adequate provisions.<br />
15. Comparative Figures<br />
Certain figures from 2006 have been reclassified to conform to the <strong>2007</strong> presentation of the<br />
financial statements.<br />
<strong>CSST</strong> <strong>Financial</strong> <strong>Statements</strong><br />
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