GM Financial’s derivatives fall 72% in value in 2021
A steeper forward interest rate curve paired with an appreciating dollar erased most of the gains booked by the carmaker’s lending arm in 2020
The net fair value of General Motors Financial’s derivatives plummeted 72% in 2021, as a rise in the forward interest rate curve and a stronger US dollar wiped out most of the gains recorded by the carmaker’s financing arm the previous year.
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