Scenarios include sensitivity analysis, which moves only one risk factor, and scenario analysis, which moves many risk factors at once. Scenario analysis in turn divides into historical scenarios, which apply the moves of past crises, and hypothetical scenarios, which assume moves not seen in the past. Consider a hypothetical example in which the position is long equity index futures equivalent to 10 billion yen. A scenario in which stock prices fall 20% gives a loss of 2 billion yen, and a scenario in which they rise 20% gives a gain of 2 billion yen. The results are used to set risk limits, report to senior management, and plan capital and liquidity.