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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-03-15 compared with 2022-03-16 · 3 added, 3 removed, 38 unchanged (14% of the section changed)
20 unchanged sentences
To mitigate, but not eliminate, the long-term risk relating to interest
−Removed: rates payable by us in securitizations, we have structured our term securitization transactions to include pre-funding structures, whereby
−Removed: the amount of notes issued exceeds the amount of contracts initially sold to the trusts.
−Removed: We expect to continue to use pre-funding structures
+Added: rates payable by us in securitizations, we have usually structured our term securitization transactions to include pre-funding structures,
+Added: whereby the amount of notes issued exceeds the amount of contracts initially sold to the trusts.
+Added: We may continue to use pre-funding structures
in our securitizations.
16 unchanged sentences
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.