What changed 10-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk

2020-08-07 compared with 2020-05-11 · 1 added, 2 removed, 7 unchanged (30% of the section changed)

6 unchanged sentences

A description of our market risk exposures may be found under “Quantitative and Qualitative Disclosures About Market Risk” in the 2019 Annual Report.

There have been no material changes to our market risk exposures from the market risk exposures previously disclosed in the 2019 Annual Report, with the exception of sensitivity to changes in interest rates.

Sensitivity to a 100 basis point rise in interest rates increased by $1.7 billion or 22%, to $9.4 billion as of March 31, 2020 from $7.7 billion as of December 31, 2019 , primarily as a result of lower interest rates increasing the estimated fair value of interest rate derivative contracts, in line with management expectations.

There have been no material changes to our market risk exposures from the market risk exposures previously disclosed in the 2019 Annual Report, with the exception of sensitivity to changes in interest rates previously disclosed in the First Quarter Form 10-Q.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.