10 unchanged sentences
Interest rate risk exposure is measured using interest rate sensitivity analysis to determine the change in economic value of equity in the event of hypothetical changes in interest rates.
−Removed: If potential changes to net economic value of equity and net interest income resulting
−Removed: from hypothetical interest rate changes are not within the limits established by our board of directors, the board of directors may direct management to adjust the asset and liability mix to bring interest rate risk within board-approved limits.
−Removed: The following tables summarize the sensitivity in net interest income and fair value of equity as of the dates indicated, using a parallel ramp scenario.
+Added: If potential changes to net economic value of equity and net interest income resulting from hypothetical interest rate changes are not within the limits established by our board of directors, the board of directors may direct management to adjust the asset and liability mix to bring interest rate risk within board-approved limits.
+Added: The following presents the sensitivity in net interest income and fair value of equity as of the dates indicated, using a parallel ramp scenario.
As of December 31, 2021
9 unchanged sentences
Change in Interest Rates (Basis Points)
−Removed: The model simulations as of December 31, 2020 imply that our balance sheet is slightly more asset sensitive compared to our balance sheet as of December 31, 2019, but maintains a fairly neutral position.
+Added: The model simulations as of December 31, 2021 imply that our balance sheet is slightly more asset sensitive compared to our balance sheet as of December 31, 2020.
Although the simulation model is useful in identifying potential exposure to interest rate changes, actual results for net interest income and economic value of equity may differ.
7 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.