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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2022-03-11 compared with 2021-03-17 · 3 added, 2 removed, 42 unchanged (11% of the section changed)
14 unchanged sentences
With regard to capital, our internal interest rate risk analysis calculates the sensitivity of our economic value of equity (“EVE”) ratio to movements in interest rates.
−Removed: EVE represents the present value of the expected cash flows from our assets less the present value of the expected cash flows arising from our liabilities.
+Added: EVE represents the present value of the expected cash flows from our assets less
+Added: the present value of the expected cash flows arising from our liabilities.
EVE attempts to quantify our economic value using a discounted cash flow methodology while the EVE ratio reflects that value as a form of capital ratio.
25 unchanged sentences
The Financial Statements are included in Part IV, Item 15 of this Report.
−Removed: Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
+Added: CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURES
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.