Marker International MRKR Ski Bindings,clothing,snowboards Message Board

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Non-Tech : Marker International MRKR Ski Bindings,clothing,snowboards

MRKR 0.865

-1.7%

Nov 7 9:30 AM EST

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To: capitalistbeatnik who wrote (194)	1/6/1999 1:08:00 AM
From: John R Resseger	Read Replies (1) of 360

James The advent of a single currency in Europe, the EURO will make books simpler for Marker. It should save them lots of money also. Below is what they have had to do in the past. Marker Germany receives payment primarily in German marks ("Marks") for ski bindings sold. For subsidiaries of the Company (principally Marker USA and Marker Japan), Marker Germany may allow payment for ski bindings sold to be made in the functional currency of the subsidiary. Marker Germany or the distribution subsidiary, as applicable, routinely enters into forward foreign exchange contracts with financial institutions in order to fix the cost of converting the functional currency to Marks. Sales prices for the ski bindings offered to the subsidiaries and ultimately the price the subsidiaries offer for the sale of the ski bindings to their customers is based upon, among other things, the rate afforded by the forward foreign exchange contracts and market conditions.Accordingly, the relationship of the exchange rate between the functional currency of the subsidiary and the Mark has a direct impact on the cost of the products sold by the distribution subsidiary. What a bunch of crap that must have been in the past. Each country Italy, Austria, France, Switzerland, Sweden, Spain...They had to go through all that expense and rigaramol. I find it annoying just writing a check. I owe my buddy a snowboarding trip. Lost a bet Keep me posted John Should we start a new thread for Marker? The ticker here does not work. Hank & BS & the Snowboards are gone.

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