34 unchanged sentences
Potential changes to our net interest income in hypothetical rising and declining rate scenarios calculated as of December 31, 2022, 2021 and 2020 are presented in the following table.
−Removed: The projections assume (1) immediate, parallel shifts downward of the yield curve of 100 basis points and (2) immediate, parallel shifts upward of the yield curve of 100, 200, 300 and 400 basis points over 12 months.
−Removed: In the current interest rate environment, a downward shift of the yield curve of 200, 300 and 400 basis points does not provide us with meaningful results.
−Removed: In a downward parallel shift of the yield curve, interest rate at the short-end of the yield curve are not modeled to decline any further than 0%.
−Removed: Net Interest Income Sensitivity Economic Value of Equity Sensitivity
+Added: The projections assume (1) immediate, parallel shifts downward of the yield curve of 100, 200 and 300 basis points and (2) immediate, parallel shifts upward of the yield curve of 100, 200, 300 and 400 basis points over 12 months.
+Added: Net Interest Sensitivity Economic Value of Equity Sensitivity
December 31, December 31,
5 unchanged sentences
-100 basis points (0.94) % (1.86) % — % (1.78) % (23.05) % (20.87) %
+Added: -200 basis points (0.70) % (2.64) % (0.21) % (7.31) % (39.80) % (27.55) %
+Added: -300 basis points (3.24) % (2.92) % (0.43) % (18.42) % (42.11) % (31.07) %
Financial Statements and Supplementary Data.
2 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.