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What changed 10-Q
Item 3. Quantitative and Qualitative Disclosures About Market Risk
2022-08-04 compared with 2022-05-06 · 1 added, 2 removed, 25 unchanged (11% of the section changed)
11 unchanged sentences
The valuation of the balance sheet, at a point in time, is defined as the discounted present value of asset cash flows minus the discounted value of liability cash flows, the net result of which is the EVE.
−Removed: The sensitivity of EVE to changes in the level of interest rates is a measure of the longer-term re-pricing risks and options risks
−Removed: embedded in the balance sheet.
+Added: The sensitivity of EVE to changes in the level of interest rates is a measure of the longer-term re-pricing risks and options risks embedded in the balance sheet.
In contrast to the net interest income simulation, which assumes interest rates will change over a period of time, EVE uses instantaneous changes in rates.
12 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.