. interest rate risk exposure in the firm 2019s core non- trading business activities ( i.e. , asset/liability management positions ) results from on- and off-balance sheet positions and can occur due to a variety of factors , including : 2022 differences in the timing among the maturity or repricing of assets , liabilities and off-balance sheet instruments . for example , if liabilities reprice quicker than assets and funding interest rates are declining , earnings will increase initially