AmazonScience/document-haystack
Document Haystack Dataset This repository contains the dataset for the paper “Document Haystack: A Long Context Multimodal Image/Document Understanding Vision LLM Benchmark”. 📑 Abstract Paper The proliferation of multimodal Large Language Models has significantly advanced the ability to analyze and understand complex data inputs from different modalities. However, the processing of long documents remains under-explored, largely due to a lack of suitable… See the full description on the dataset page: https://huggingface.co/datasets/AmazonScience/document-haystack.
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1Estimated net profit or loss impact from co-investment sensitivity to potential changes in market prices 2in € m. 31 Dec 2023331 Dec 20224Pro-forma5Market price reduction:610% (63) (70)7Market price increase:810% 63 709The sensitivity analysis disclosed in previous years has been replaced by above analysis to 10provide a more comprehensive representation of risk by including all co-investment sectors 11rather than focus on real estate. While the real estate sector was still the largest sector in the 12co-investment portfolio with 56% as of 31 December 2023, other sectors, especially 13infrastructure, contributed to overall diversification and risk exposure. In addition, changes in 14fair value of 10% to the upside or downside support a more reasonable indication of risk, 15although they can also be exceeded in times of market stress.16Guaranteed products – The guaranteed products shortfall is primarily exposed to changing 17long-term interest rates.18The following assumption is applied for the sensitivity analysis of guaranteed products 19shortfall:20Long-term interest rates are the most significant out of various factors that can influence the 21guaranteed products shortfall. All other factors influencing the guaranteed products shortfall 22are assumed to remain static.23The sensitivity analysis is performed based on the following methodology:24The guaranteed products shortfall is calculated with option pricing model using Monte-Carlo 25simulation considering stochastic interest rates and equities for a Constant Proportion 26Portfolio Insurance strategy. This mechanism rebalances the asset allocation individually for 27each client account. 28For guaranteed retirement accounts, the model allows simulation of future contributions, 29cancellation rates and management, distribution, and account fees. The current valuation 30calculates a shortfall value based on a representative sample of accounts which is scaled to 31the population size.32Estimated net profit or loss impact from guaranteed products sensitivity for potential changes in long-33term interest rates34in € m. 31 Dec 2023 31 Dec 202235Reduction in long-term interest rate:3650 bp (8) (9) 37100 bp (20) (20) 38Increase in long-term interest rate:3950 bp 6 7 40100 bp 10 12 41The sensitivity of the guaranteed products shortfall to long-term interest rates is not linear, 42with reductions in the long-term interest rates having a far greater impact on the shortfall 43value than increases of a similar magnitude.44Pension risk – The main source of pension risk are defined benefit pension schemes for past 45and current employees, in particular a potential decline in the market value of held pension 46plan assets or an increase in the liability of the pension plans. 47For details on the risks inherent in post-employment benefit plans, please refer to note ‘19 – 48Employee Benefits’ which includes a detailed sensitivity analysis.49Equity compensation risk is linked to our share price performance, and so is a right way risk 50since liabilities will primarily only increase if the share price improves. 51For details on share-based compensation plans, please refer to note ‘19 – Employee Benefits’ 52which includes details on structure, terms and fair value of share-based awards.53Structural foreign exchange risk – Structural FX risk is driven by movements in the 54functional currencies of our non-EUR subsidiaries relative to our reporting currency of EUR. 55The primary currencies to which structural FX risk is sensitive are USD and GBP, weakening of 56either relative to the EUR results in higher structural FX risk and associated capital 57requirements.58Following assumption is applied for the sensitivity analysis of structural FX risk:59The analysis assumes a range of percentage changes, 10% and 20% up and down change, to 60the USD/EUR rate and the GBP/EUR rate.61 62To our 63Shareholders64Summarised 65Management Report66Consolidated 67Financial Statements Compensation Report Corporate Govern-68ance Statement69Supplementary 70Information DWS 2023 Annual Report71 72Notes to the Consolidated Balance Sheet7398 09 – Financial Instruments