Rate sensitive assets and liabilities ▣They include: maturing instruments, ■ floating and variable rate instruments,and ■ any full or partial principal payments. A bank's GAP is defined as the difference between a bank's rate sensitive assets and rate sensitive liabilities. It is a balance sheet figure measured in dollars for U.S.banks over a specific period of time. 制酥所贸易大考Rate sensitive assets and Rate sensitive assets and liabilities liabilities † They include: „ maturing instruments, „ floating and variable rate instruments, and „ any full or partial principal payments. † A bank's GAP is defined as the difference between a bank's rate sensitive assets and rate sensitive liabilities. † It is a balance sheet figure measured in dollars for U.S. banks over a specific period of time