. we do not enter into foreign currency derivative instruments for trading purposes . we have entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans . as of december 31 , 2012 , the notional amount of these derivatives was approximately $ 115.6 million and the fair value was nominal . these derivatives are intended to hedge the foreign exchange risks related to intercompany loans , but have not been designated as hedges for accounting purposes. .