 The PRC's industrial policies hamper and harm the ability of America's exporters to compete on fair terms in the global marketplace. We are laser focused on the challenge posed by the PRC and the need to ensure a level playing field for U.S. exporters. We're using our tools like CTAP and MMIA to address this challenge. It's fair to say we want to do more and we can do more. Our CTAP transactions are still subject, though, to XM's 2% default rate cap,