“I think I talked about the idea of the divestitures contributing close to $3 billion for the full year, $3.1 or so billion in terms of the capital impact for the full year 2022.”

In context

“r interest rate exposure and the cash flow approach that we are moving towards taking, in some ways, it captures exactly that point. And so this is, if you see 100-basis-point move in the curve cross currencies, we are looking at as much as a $2.2 billion increase. When you look at that increase, it skews more heavily towards the non-U.S. dollar than the U.S. dollar and that is in part because of the different moves in rate curves by currency, as well as the different betas by client type in U.S. versus non-U.S. Jim Mitchell: Right. Right. Okay. That’s really helpful. And then maybe just -- a second question just on the impact in the fourth quarter. You have your best closing on three divestitures. How do we think about the P&L and capital impact of that in the fourth quarter? Mark Mason: I think I talked about the idea of the divestitures contributing close to $3 billion for the full year, $3.1 or so billion in terms of the capital impact for the full year 2022. The combination of Australia and the Philippines gets us to about $ 2.1 billion or so. And so the balance of the divestitures that we have scoped out for the fourth quarter should close that gap. Thailand, Malaysia, Bahrain, the signing of China, et cetera, should close that gap to getting us to that $3.1 billion. With most of that again… Operator: Thank you. Our next… Mark Mason: … skewing towards the first three, Thailand, Malaysia, Bahrain. Operator: Thank you. Our next question will come from Gerard Cassidy with RBC. Your line is now open. Gerard Cassidy: Thank you. Hi, Mark. Hi, Jane. Mark Mason: Good morning. Jane Fraser: Hello. Hi, Gerard. Gerard Cassidy: Jane, you talked about your global footprint and the strength that gives you as an organization and so maybe this question is ve”