Company: NLY-PF
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001043219-25-000012
Chunk: 218

Company: ANNALY CAPITAL MANAGEMENT INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 1
Chunk 218
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 the total common shares outstanding.BrokerGeneric name for a securities firm engaged in both buying and selling securities on behalf of customers or its own account.CCapital BufferIncludes unencumbered financial assets which can be either sold or utilized as collateral to meet liquidity needs.Capital Ratio (GAAP Capital Ratio)Calculated as total stockholders’ equity divided by total assets. 

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ANNALY CAPITAL MANAGEMENT, INC. AND SUBSIDIARIESItem 2. Management’s Discussion and Analysis 

CarryThe amount an asset earns over its hedging and financing costs. A positive carry happens when the rate on the securities being financed is greater than the rate on the funds borrowed. A negative carry is when the rate on the funds borrowed is greater than the rate on the securities that are being financed.CollateralSecurities, cash or property pledged by a borrower or party to a derivative contract to secure payment of a loan or derivative. If the borrower fails to repay the loan or defaults under the derivative contract, the secured party may take ownership of the collateral.Collateralized Loan Obligation (“CLO”)A securitization collateralized by loans and other debt instruments.Collateralized Mortgage Obligation (“CMO”)A multiclass bond backed by a pool of mortgage pass-through securities or mortgage loans.Commodity Futures Trading Commission (“CFTC”)An independent U.S. federal agency established by the Commodity Futures Trading Commission Act of 1974. The CFTC regulates the swaps, commodity futures and options markets. Its goals include the promotion of competitive and efficient futures markets and the protection of investors against manipulation, abusive trade practices and fraud.Commercial Mortgage-Backed Security (“CMBS” or “Commercial Securities”)Securities collateralized by a pool of mortgages on commercial real estate in which all principal and interest from the mortgages flow to certificate holders in a defined sequence or manner.Constant Prepayment Rate (“CPR”)The percentage of outstanding mortgage loan principal that prepays in one year, based on the annualization of the Single Monthly Mortality, which reflects the outstanding mortgage loan principal that prepays in one month.ConvexityA measure of the change in a security’s duration with respect to changes in interest rates. The more convex a security is, the more its duration will change with interest rate changes. Negative convexity refers to the properties of an MBS in which the relationship between price and yield is not linear. Compared to a comparable duration treasury bond, the price of an MBS security increases less when yields fall and decreases