{"product_id":"annaly-business-model-canvas","title":"Annaly Capital Management Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMortgage REIT Business Model Canvas: assets, funding mix, risk controls, and revenue drivers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eUnlock Annaly Capital Management’s strategic blueprint with our Business Model Canvas—showing how mortgage assets, funding mix, and risk management create stable returns. This 9-block canvas highlights customer segments, key partners, revenue mechanics, and cost drivers. Ideal for investors and strategists seeking actionable insights. Purchase the full editable Word\/Excel canvas to apply these lessons directly.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGSE and Agencies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePartnerships with Fannie Mae, Freddie Mac and Ginnie Mae underpin Annaly’s access to agency MBS, part of a market ~8 trillion USD in outstanding securities (2024). Their guarantees—Ginnie Mae 100% of principal and interest—sharply reduce credit risk and support liquidity. Regular engagement aligns pipeline visibility, collateral standards and settlement processes. These ties enable scale deployment at competitive spreads for Annaly’s arbitrage model.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePrimary Dealers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRelationships with the 24 primary dealers facilitate Annaly’s MBS trading, TBA execution and market color, with TBA remaining the dominant channel for agency MBS settlement in 2024. Dealers supply liquidity across rate cycles and roll markets, supporting competitive bid-ask spreads that improve execution and turnover. These links are critical for rapid repositioning and hedging around duration and basis moves.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRepo Counterparties\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRepo counterparties provide secured financing against agency MBS, which remained the core collateral for Annaly in 2024. Diverse counterparties help optimize haircuts—typically 1–3% for agency MBS—tenors and funding costs. Stable repo lines support Annaly’s leverage and liquidity resilience through market cycles. Active counterparty dialogue manages collateral composition, margining protocols and term structure to limit funding stress.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDerivatives and Clearing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eSwap dealers, futures FCMs and CCPs (eg CME Group, LCH) enable Annaly to hedge interest rate exposure across swaps, swaptions, futures and options; global cleared USD IRS exceed 60% of market notional, improving liquidity. Efficient clearing cuts counterparty risk and margin friction, lowering funding costs and supporting precise duration and convexity management.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\u003c\/ul\u003e\n\u003cli\u003eCounterparty risk reduction via CCPs\u003c\/li\u003e\n\u003cli\u003eAccess: swaps, swaptions, futures, options\u003c\/li\u003e\n\u003cli\u003eCME\/LCH clearing \u0026gt;60% USD IRS notional\u003c\/li\u003e\n\u003cli\u003eImproves duration and convexity control\u003c\/li\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCustody, Data, and Tech\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eCustodians safeguard Annaly's assets and streamline settlement under the T+2 regime in 2024, reducing operational risk. Analytics vendors and market-data platforms power portfolio modeling and risk monitoring, improving valuation and stress testing accuracy. Trading and OMS partners enhance execution control and compliance, speeding reconciliation and trade lifecycle processing. Together they increase accuracy, speed, and compliance confidence.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCustody: asset protection, settlement efficiency\u003c\/li\u003e\n\u003cli\u003eData: analytics, market-data for modeling\u003c\/li\u003e\n\u003cli\u003eTech: trading\/OMS for execution control\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAgency MBS access ~8T, 24 dealers, 1-3% repo haircuts, CCPs clear \u0026gt;60% IRS, T+2 custody\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eKey partnerships with Fannie\/Freddie\/Ginnie underpin access to ~8T USD agency MBS (2024) and Ginnie Mae 100% PI guarantee; 24 primary dealers supply TBA liquidity; repo counterparties provide secured funding with ~1–3% haircuts; CCPs\/CME\/LCH clear \u0026gt;60% of USD IRS notional supporting hedging; custodians\/data vendors enable T+2 settlement and risk analytics.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAgencies\u003c\/td\u003e\n\u003ctd\u003eGuarantees, MBS supply\u003c\/td\u003e\n\u003ctd\u003e~8T USD\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePrimary dealers\u003c\/td\u003e\n\u003ctd\u003eTBA\/liquidity\u003c\/td\u003e\n\u003ctd\u003e24 dealers\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRepo\u003c\/td\u003e\n\u003ctd\u003eSecured funding\u003c\/td\u003e\n\u003ctd\u003eHaircuts 1–3%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCCPs\/clearing\u003c\/td\u003e\n\u003ctd\u003eHedging, counterparty risk\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;60% USD IRS\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCustody\/data\u003c\/td\u003e\n\u003ctd\u003eSettlement, analytics\u003c\/td\u003e\n\u003ctd\u003eT+2\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise Business Model Canvas for Annaly Capital Management mapping nine BMC blocks to its mortgage REIT strategy—customer segments (institutional and retail investors), channels, and value propositions (yield via interest spread and leverage). It outlines key activities (portfolio management, securitization), revenue streams, cost structure, risks, competitive advantages, and strategic insights for investors and analysts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Annaly Capital Management’s business model with editable cells, clarifying funding sources, portfolio strategy, and interest-rate sensitivity to relieve analysis bottlenecks.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePortfolio Allocation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eSelecting agency MBS across coupons, vintages, and prepay profiles is core, targeting balance of carry and prepayment risk while reflecting market conditions after the federal funds rate reached 5.25–5.50% in 2024. Allocation optimizes yield, convexity, and liquidity with duration and spread tilts to limit basis exposure. Rebalancing responds to rate shifts and basis moves; TBA execution complements specified-pool strategies to manage execution risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFunding Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOptimizing repo terms, tenors and counterparties lowers funding cost by capturing lower secured rates and reducing dependence on volatile short-term markets. Terming out liabilities mitigates roll and liquidity risk by extending maturities and smoothing cash flows. Active collateral and margin management preserves balance sheet flexibility, and continuous monitoring aligns leverage with market conditions such as the 2024 federal funds range of 5.25–5.50%.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInterest Rate Hedging\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAnnaly uses interest rate swaps, futures and options to manage portfolio duration and convexity, adjusting hedge ratios as volatility and the yield curve shift; as of 2024 the macro backdrop featured a fed funds target of 5.25–5.50% and 10-year Treasury near 4.2%. Basis and mortgage spread risks are actively monitored with dynamic overlay adjustments. The objective is to preserve NIM stability through rate cycles.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePrepayment and Credit Risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eModeling prepayments drives security selection and pricing by forecasting runoff and convexity impacts using pool attributes and borrower behavior; scenario outputs guide hedging and duration positioning. Agency credit is government-guaranteed, yet liquidity and basis risks require active management. Rigorous stress testing under multiple interest-rate and liquidity scenarios underpins downside protection and capital allocation.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePrepayment modeling informs security selection\u003c\/li\u003e\n\u003cli\u003ePool attributes and borrower behavior = forecast inputs\u003c\/li\u003e\n\u003cli\u003eAgency guarantee mitigates credit, not liquidity\/basis\u003c\/li\u003e\n\u003cli\u003eStress tests support downside protection\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReporting and Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTimely financial reporting — via quarterly Form 10-Qs and annual 10-Ks — underpins investor trust and market access.\u003c\/p\u003e\n\u003cp\u003eAs a REIT, Annaly adheres to the 90% taxable-income distribution rule and enforces leverage and capital adequacy frameworks.\u003c\/p\u003e\n\u003cp\u003eDetailed risk disclosures and evolving ESG disclosures improve transparency for investors and creditors.\u003c\/p\u003e\n\u003cp\u003eOngoing engagement with regulators, including the SEC, keeps operations aligned with reporting and compliance standards.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReporting: quarterly 10-Q \/ annual 10-K\u003c\/li\u003e\n\u003cli\u003eREIT rule: 90% distribution requirement\u003c\/li\u003e\n\u003cli\u003eGovernance: active SEC\/regulator engagement\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eActive MBS selection, repo terming and hedging optimize carry, convexity and prepayment risk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSelecting agency MBS across coupons\/vintages to balance carry, convexity and prepayment risk; active repo optimization and terming-out liabilities to lower funding cost; dynamic hedging (swaps\/futures) to manage duration\/convexity; rigorous prepayment modeling, stress-testing and REIT-compliant reporting drive capital and liquidity decisions.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue (2024)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFed funds target\u003c\/td\u003e\n\u003ctd\u003e5.25–5.50%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e10-year Treasury\u003c\/td\u003e\n\u003ctd\u003e~4.2%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eREIT distribution rule\u003c\/td\u003e\n\u003ctd\u003e90% taxable income\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003ePreview Before You Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe Business Model Canvas previewed here is the exact file you’ll receive—not a mockup or sample. When you purchase, you’ll get the complete document formatted and ready to use in Word and Excel. No hidden pages or placeholders—what you see is what you’ll download and edit immediately.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":55674908672377,"sku":"annaly-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/annaly-business-model-canvas.png?v=1755798194","url":"https:\/\/portersfiveforce.com\/products\/annaly-business-model-canvas","provider":"Porter's Five Forces","version":"1.0","type":"link"}