What types of limitations should be disclosed regarding the tabular information?
Answer The limitations disclosed can vary significantly by company. They may include: 1) summarized descriptions of instruments, positions and transactions omitted from the quantitative market risk disclosure information; 2) descriptions of the features of instruments, positions, and transactions (like embedded options) that are not apparent from the more summarized information; 3) prepayment and reinvestment assumptions and other estimates reflected in the information presented. Disclosure is required when the table fails to depict the effect on the risk positions and assumptions created by a significant change in the economy or change in managements expectations or intentions.
