Now in the space of corporate actions, the responsibilities of the custodian include to identify the corporate action events occurring in our client's assets that we hold as in custody, to make them aware of any corporate events. As a global custodian, we also need to reconcile these positions with our sub-custodians to ensure that our positions are aligned the same, therefore accurate, and we also need to ensure that there is accurate and timely processing of the client instructions relating to the corporate action.