He denied that Smith deliberately misrepresented Opes Prime's position. Carosa's company was greatly affected by the collapse of Opes Prime in 2008. On 11 March the court heard testimony from Opes Prime's erstwhile head of operations. The Mottoes of the Order were "INTEGRITATI ET MERITO" and "OPES REGUM CORDA SUBDITORUM". Another person who gave evidence earlier was Dean Boyle, Opes Primes' chief operating officer. The risk of loss on disposal was thereby transferred to Opes Prime and its clients. OPEs are most often used in conformal field theory.