12 unchanged sentences
We utilize implied forward rates as its base case scenario which reflects market expectations for rate increases over the next 24 months.
−Removed: Presented below is the estimated impact on our NII and EVE position as of March 31, 2023, assuming a static balance sheet and instantaneous parallel shifts in interest rates:
+Added: Presented below is the estimated impact on our NII and EVE position as of June 30, 2023, assuming a static balance sheet and instantaneous parallel shifts in interest rates:
% Change from Base Case for Instantaneous Parallel Changes in Rates
5 unchanged sentences
This gradual change is commonly referred to as a “rate ramp” and evenly allocates a change in interest rates over a specified time period.
−Removed: Presented below is the estimated impact on the Company’s NII and EVE position as of March 31, 2023, assuming a static balance sheet and gradual parallel shifts in interest rates:
−Removed: % Change from Base Case for Gradual Changes in Rates
−Removed: Implied Forward Curve -200 Basis Points Implied Forward Curve -100 Basis Points Base Implied Forward Curve Implied Forward Curve +50 Basis Points Implied Forward Curve +100 Basis Points
−Removed: NII - Year 1 8.20 % 4.40 % N/A (2.31 %) (4.67 %)
−Removed: NII - Year 2 45.56 % 35.95 % 21.70 % 15.11 % 8.10 %
−Removed: EVE 25.51 % 16.73 % N/A (8.63 %) (17.25 %)
−Removed: In the Company’s supplementary model, it incorporates deposit betas ranging from 10% to 98% in up-rate scenarios related to its savings and money market non-maturity deposit products, which approximates actual deposit pricing experience in 2022.
−Removed: Presented below are the estimated impacts on the Company’s NII and EVE position as of March 31, 2023, assuming a static balance sheet and instantaneous and gradual parallel shifts in interest rates:
−Removed: % Change from Base Case for Instantaneous Parallel Changes in Rates
−Removed: Implied Forward Curve -200 Basis Points Implied Forward Curve -100 Basis Points Base Implied Forward Curve Implied Forward Curve +50 Basis Points Implied Forward Curve +100 Basis Points
−Removed: NII - Year 1 19.42 % 10.32 % N/A (3.64 %) (7.49 %)
−Removed: NII - Year 2 46.16 % 36.24 % 21.70 % 16.36 % 10.57 %
−Removed: EVE 29.24 % 18.90 % N/A (8.07 %) (16.26 %)
+Added: Presented below is the estimated impact on the Company’s NII and EVE position as of June 30, 2023, assuming a static balance sheet and gradual parallel shifts in interest rates:
% Change from Base Case for Gradual Changes in Rates
13 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.