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Re: Guido2 post# 692031

Friday, 08/13/2021 11:28:05 AM

Friday, August 13, 2021 11:28:05 AM

Post# of 797128
IV. Severely Adverse Scenario Results Detail

x Both Enterprises reported comprehensive income in the severely adverse scenario.
Key drivers were portfolio growth and strong house price appreciation in 2020 and a
less severe house price decline in the 2021 planning horizon.

x The provision for credit losses was the largest expense at both Enterprises.

x The second largest expense at both Enterprises was the global market shock impact,
including the counterparty default scenario component.