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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2024-04-01 compared with 2023-03-29 · 0 added, 2 removed, 53 unchanged (4% of the section changed)
28 unchanged sentences
Rate changes are rarely instantaneous, and these analyses may therefore overstate the impact of short-term repricing.
−Removed: As a result of the historically low interest rate environment, the calculated effects of the 100 and 200 basis point downward shocks cannot absolutely reflect the risk to earnings and equity, since the interest rates on certain balance sheet items have approached their minimums.
−Removed: Therefore, it is not possible for the analyses to fully measure the true impact of these downward shocks.
(In thousands)
23 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.