text: In the week of March 13, 2000, the Company entered into put options with Merrill Lynch to sell Euro 79.0 million for $75.1 million on May 
  26, 2000. The contracts were purchased to limit the Company's exposure on the call option described above against a fall of the Euro below 
  $0.95. 
  
  The Company was re q u i red to cash collateralize the net fair value of such options contracts measured on a mark-to-market basis, and on 
  May 26, 2000, the Company had on deposit $8.3 million with Merrill Lynch. 
  
  On May 26, 2000, the rate of the Euro was $0.9118 and the Company settled the above option contracts in the amount of $8.3 million 
  resulting in a total net loss on such contracts of $10.3 million inclusive of the cost of the contracts. At December 31, 2000, the Company had 
  not entered into any further option contracts. 
  
  **(15) Leases**
  
  (a) Capital leases 
  
  The Company leases many of its ATMs under capital lease agreements that expire between 2001 and 2005 and bear interest at rates 
  between 8% and 12%. Lease installments are paid on a monthly, quarterly or semi-annual basis. Euronet has the right to extend the 
  t e rm of certain leases at the conclusion of the basic lease period. 