Ashik Musaddi : Yes. Thank you and good morning, Lard, Duncan and Matt. Just a couple of questions I have. So first of all is it possible to get the capital generation number or say cash flow numbers from TLB and the VA business as to — given that you know are keeping it and you know would have much more visibility about the cash flows from this business in a general cost now. So what is the cash flows from this business going forward every year? And I guess you already gave some color about how far — what would be the decline pattern, et cetera? So that would be helpful. And secondly, I think Matt you mentioned that you will decide on when to upstream the cash — the capital release from the TLB transaction, once we have better visibility about whether the growth or investment in growth is required or not in the US business.
How long do you think we would need to wait to see that? I’m just trying to understand as to for how long will this capital be kept in the US business, or is there a possibility that okay we are talking about two, three quarters and then take it out after that? Thank you.
Matt Rider: Yes, Ashik. So I think on both of these — both of the questions that you asked we will be able to provide some additional clarity at the Capital Markets Day that we intend to have in the first half of — or actually in the second quarter of next year. But I can give you maybe some — just some very basic information. Last year OCG in TLB was around €70 million. And again, as I had said, we would expect that to come down by 30 and we would — I feel like they come up by 30. On the upstreaming cash, if we’re not getting the growth when we would have visibility on that? Yes, we’re working through our planning right now. Our strategic planning every year anticipates a certain level of growth, and we’ll have better visibility as we get into next year and we’ll update everybody at the Capital Markets Day in 2Q.
Ashik Musaddi : That’s great. Thanks, Matt.
Operator: Thank you for your question. We are now taking our next question. The next question is from Michele Ballatore from KBW.
Michele Ballatore: Yes. Thank you. So I have two questions. So the first question is I think this is the second quarter in a row that you’re able to, let’s say, to capture surplus capital from other entities, so you did also in 2Q with a captive thing you did in the second quarter and this quarter again. I mean how many — I don’t know if you can give us an idea of how many pocket of surplus capital you still have that are not for some reason captured? So this is the first question. The second question is clearly with today’s transaction you have reduced the let’s say the volatility on the fees component of your revenue for equity market should you have a low volatility — sorry, a low sensitivity to interest rates when it comes to capital. What are the what kind of volatility — what kind of factors you are most, let’s say, worried about when we talk about volatility on capital and on results at this point? Thank you.
Lard Friese : Thank you Michele. Matt?
