{"url_path":"/sec/bliv/10-k/2026/item-11","section_key":"item-11","section_title":"Item 11 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1982448/0001493152-26-023306-index.html","accession_number":"0001493152-26-023306","cik":"0001982448","ticker":"BLIV","issuer_name":"BeLive Holdings","edgar_url":"https://www.sec.gov/Archives/edgar/data/1982448/0001493152-26-023306-index.html","primary_entity_key":"0001982448","primary_entity_name":"BeLive Holdings"},"word_count":397,"has_tables":true,"body_markdown":"**ITEM\n11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**\n\n \n\n**Credit\nRisk**\n\n \n\nCredit\nrisk relates to the risk that the counterparty to a financial instrument would fail to discharge its obligations under the terms of the\nfinancial instrument and cause a financial loss to us.\n\n \n\n102\n\n \n\n \n\nBank\ndeposits are only placed with creditworthy financial institutions. Management does not expect any financial institutions will fail to\nmeet their obligations resulting in material credit losses to us.\n\n \n\nIn\nrespect of accounts receivable, individual credit evaluations are performed. These evaluations focus on the past history of making payments\nwhen due and current ability to pay, and take into account information specific to the customer as well as pertaining to the economic\nenvironment in which the customer operates. We do not require collateral from customers.\n\n \n\nIn\nrespect of our investment in marketable debt securities, which are exposed to the securities issuers’ risk of default in paying\ncoupons on time or at all, we regularly monitor the financial conditions of the debt securities issuers and any change in their credit\nratings to make further investment decisions.\n\n \n\nOur\nexposure to credit risk is influenced mainly by the individual characteristics of each customer rather than the industry or country in\nwhich the customer operates and therefore significant concentrations of credit risk primarily arise when we have significant exposure\nto individual customers. As of December 31, 2025, 2024, and 2023, __%, 32%, and 23%, respectively, of our total accounts receivable were\ndue from our five largest customers.\n\n \n\n**Currency\nRisk**\n\n \n\nCurrency\nrisk refers to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign\nexchange rate. Our exposure to currency risk arises primarily from cash and cash equivalents, restricted cash, investment in marketable\ndebt securities, accounts receivable and accounts payable, which are primarily denominated in Singapore dollars and US dollars. Our reporting\ncurrency is Singapore dollars.\n\n \n\nA\n4% (2024: 4%) strengthening of Singapore Dollar against the foreign currency denominated balances as at the reporting date would increase/(decrease)\nprofit or loss by the amounts shown below. This analysis assumes that all other variables remain constant.\n\n \n\n  \nProfit or loss (before tax) \n\n  \n2025  \n2024 \n\n  \nS$  \nS$ \n\n  \n   \n  \n\nUnited States Dollar \n (332,059) \n (121)\n\n \n\nWe\ncurrently do not have a foreign currency hedging policy. However, management monitors foreign exchange exposure and will consider hedging\nsignificant foreign exchange exposure should the need arise."}