Risk Factors Update Summary
- Interest rate and spread volatility pose significant risks, impacting liquidity, costs, and risk management.
- The Fed's participation in the Agency RMBS market significantly increased, affecting supply and returns.
- The Fed reduced its Agency RMBS holdings by approximately $300 billion, impacting market dynamics.
- Changes in Fed monetary policy and balance sheet reduction could negatively impact asset values.
- Increased market volatility and reduced liquidity could lead to lower total comprehensive income.
- Changes in FICC margin requirements may limit tri-party repo transactions, affecting financial position.
- Cybersecurity risks have increased, with potential operational disruptions and financial losses.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1423689&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.