ENNs_IRS_Dec2018_Final_ada.pdf

This document appears to be a collection of histograms showing the distribution of expected negative outcomes (ENNs) for different types of institutions. The x-axis represents the ratio of long ENNs to total ENNs, and the y-axis shows the frequency or number of ENNs.

The figures show that:

• For bank ENNs, most are short-term (less than 1 year), with a peak around 20-40% long ENNs.
• For asset manager ENNs, there is a higher proportion of long-term ENNs (around 50-60%) compared to the other institutions.
• Hedge fund ENNs have a mix of short and long-term ENNs, with a peak around 30-50% long ENNs.
• Pension fund ENNs have a higher proportion of short-term ENNs (around 70-80%), with few long-term ENNs.
• Insurance company ENNs have a similar distribution to pension funds, with mostly short-term ENNs.
• Non-financial corporate ENNs have a mix of short and long-term ENNs, with a peak around 50-60% long ENNs.
• Other corporate ENNs have the highest proportion of short-term ENNs (around 90%), with few long-term ENNs.

Overall, the histograms suggest that different types of institutions experience varying levels of expected negative outcomes, with some having more long-term ENNs and others having mostly short-term ENNs.