Australia and New Zealand Banking Group

Live  

The Australia and New Zealand Banking Group (commonly known as ANZ) is a multinational banking and financial services company headquartered in Melbourne, Australia. It was founded in 1835 and is currently one of the largest banks in Australia and New Zealand.
ANZ offers a range of financial products and services such as retail and commercial banking, wealth management, insurance, and loans. It operates in over 30 markets globally, including Australia, New Zealand, Asia, Europe, and North America. The company has over 9 million customers and employs approximately 50,000 people worldwide.
ANZ is also committed to sustainable and responsible banking, with a focus on environmental, social, and governance considerations. It has been recognized for its efforts in this area, including being named the most sustainable bank globally by the Dow Jones Sustainability Index in 2017.
In addition to its financial services, ANZ is also involved in various community and philanthropic initiatives, particularly in the areas of education and financial inclusion. It also sponsors several local and international sports teams and events, including the Australian Open tennis tournament.

Australia and New Zealand Banking Group, often called ANZ, is a big bank. It helps people and businesses manage their money. Just like how you might save your allowance or buy things with it, adults and companies need banks to keep their money safe and to help them with different money problems.
Here’s how ANZ works and makes money:
1. Saving and Checking Accounts: People can put their money in accounts at ANZ. The bank keeps it safe and gives them a little bit of money called interest as a thank you for saving. ANZ uses some of that money to lend to other people or businesses.
2. Loans: When people want to buy big things like houses or cars, or when businesses need money to buy equipment or pay for new projects, they often ask the bank for a loan. ANZ gives out these loans and charges interest, which is how it makes a lot of its money.
3. Investments and Services: ANZ helps people and companies with investing their money wisely, planning for the future, or managing their finances. They might charge fees for these services, which adds to their income.
ANZ is successful for a few reasons:
1. Trust: A bank like ANZ needs to be trusted. People trust them because they have been around for a long time, and they follow rules to keep everyone’s money safe.
2. Technology: ANZ uses technology to make banking easier for customers. With apps and online services, people can manage their money from anywhere, which people love because it’s convenient.
3. Wide Reach: ANZ operates not just in Australia but also in New Zealand and other countries. This helps them reach more customers and grow their business.
4. Adaptability: The bank pays attention to changes in the economy and what people need. They are good at adjusting their services to match what customers want, whether it’s new banking apps or better loan options.
In the future, as more people use technology and as the world changes, ANZ is likely to keep being successful because they are always looking for new ways to serve their customers better and stay ahead of the competition. They will continue to adapt to new challenges and take advantage of new opportunities, helping them remain a strong bank for many years to come.

MS4gU3Ryb2 5nIHByZXNl bmNlIGluIE FzaWEgUGFj aWZpYyByZW dpb246IFRo ZSBBdXN0cm FsaWEgYW5k IE5ldyBaZW FsYW5kIEJh bmtpbmcgR3 JvdXAgKEFO WikgaGFzIG Egc3Ryb25n IHByZXNlbm NlIGluIHRo ZSBBc2lhIF BhY2lmaWMg cmVnaW9uLC BwYXJ0aWN1 bGFybHkgaW 4gQXVzdHJh bGlhIGFuZC BOZXcgWmVh bGFuZCwgYX Mgd2VsbCBh cyBpbiBjb3 VudHJpZXMg c3VjaCBhcy BDaGluYSwg SG9uZyBLb2 5nLCBhbmQg U2luZ2Fwb3 JlLiBUaGlz IGFsbG93cy B0aGUgY29t cGFueSB0by BkaXZlcnNp ZnkgaXRzIG 9wZXJhdGlv bnMgYW5kIH RhcCBpbnRv IGVtZXJnaW 5nIG1hcmtl dHMgZm9yIG dyb3d0aC48 YnI+Mi4gTG 9uZyBoaXN0 b3J5IGFuZC BleHBlcmll bmNlOiBBTl ogaGFzIGEg bG9uZyBoaX N0b3J5IGRh dGluZyBiYW NrIHRvIDE4 MzUsIGdpdm luZyBpdCBv dmVyIDE4MC B5ZWFycyBv ZiBleHBlcm llbmNlIGlu IHRoZSBiYW 5raW5nIGlu ZHVzdHJ5Li BUaGlzIGhh cyBlbmFibG VkIHRoZSBj b21wYW55IH RvIGVzdGFi bGlzaCBhIH N0cm9uZyBy ZXB1dGF0aW 9uIGFuZCBh IGxveWFsIG N1c3RvbWVy IGJhc2UuPG JyPjMuIEZv Y3VzIG9uIH N1c3RhaW5h YmxlIHByYW N0aWNlczog VGhlIGNvbX BhbnkgaGFz IGEgc3Ryb2 5nIGNvbW1p dG1lbnQgdG 8gc3VzdGFp bmFiaWxpdH kgYW5kIGhh cyBpbXBsZW 1lbnRlZCB2 YXJpb3VzIG luaXRpYXRp dmVzIHRvIH JlZHVjZSBp dHMgZW52aX Jvbm1lbnRh bCBmb290cH JpbnQgYW5k IGNvbnRyaW J1dGUgdG8g dGhlIGNvbW 11bml0eS4g VGhpcyBpbm NsdWRlcyBp bnZlc3Rpbm cgaW4gcmVu ZXdhYmxlIG VuZXJneSwg cmVkdWNpbm cgY2FyYm9u IGVtaXNzaW 9ucywgYW5k IHByb21vdG luZyBmaW5h bmNpYWwgbG l0ZXJhY3ku PGJyPjQuIE RpdmVyc2lm aWVkIGJ1c2 luZXNzIHNl Z21lbnRzOi BBTlogaGFz IGEgZGl2ZX JzaWZpZWQg YnVzaW5lc3 MgbW9kZWws IHdpdGggb3 BlcmF0aW9u cyBpbiByZX RhaWwgYW5k IGNvbW1lcm NpYWwgYmFu a2luZywgd2 VhbHRoIG1h bmFnZW1lbn QsIGFuZCBp bnN0aXR1dG lvbmFsIGJh bmtpbmcuIF RoaXMgaGVs cHMgbWl0aW dhdGUgcmlz a3MgYW5kIG Vuc3VyZXMg c3RhYmxlIH JldmVudWUg c3RyZWFtcy 48YnI+NS4g U3Ryb25nIG ZpbmFuY2lh bCBwZXJmb3 JtYW5jZTog QU5aIGhhcy Bjb25zaXN0 ZW50bHkgZG VsaXZlcmVk IHN0cm9uZy BmaW5hbmNp YWwgcmVzdW x0cywgd2l0 aCBzb2xpZC ByZXZlbnVl IGFuZCBwcm 9maXQgZ3Jv d3RoIG92ZX IgdGhlIHll YXJzLiBUaG lzIGlzIGEg dGVzdGFtZW 50IHRvIGl0 cyByb2J1c3 QgYnVzaW5l c3Mgc3RyYX RlZ3kgYW5k IGVmZmVjdG l2ZSByaXNr IG1hbmFnZW 1lbnQgcHJh Y3RpY2VzLj xicj42LiBF bXBoYXNpcy BvbiBkaWdp dGFsIHRyYW 5zZm9ybWF0 aW9uOiBBTl ogaGFzIGJl ZW4gYXQgdG hlIGZvcmVm cm9udCBvZi BkaWdpdGFs IHRyYW5zZm 9ybWF0aW9u IGluIHRoZS BiYW5raW5n IGluZHVzdH J5LCBpbnRy b2R1Y2luZy Bpbm5vdmF0 aXZlIGRpZ2 l0YWwgYmFu a2luZyBzb2 x1dGlvbnMg YW5kIGludm VzdGluZyBp biB0ZWNobm 9sb2dpY2Fs IGFkdmFuY2 VtZW50cyB0 byBlbmhhbm NlIGN1c3Rv bWVyIGV4cG VyaWVuY2Uu PGJyPjcuIE NvbW1pdG1l bnQgdG8gZG l2ZXJzaXR5 IGFuZCBpbm NsdXNpb246 IFRoZSBjb2 1wYW55IGhh cyBhIHN0cm 9uZyBmb2N1 cyBvbiBkaX ZlcnNpdHkg YW5kIGluY2 x1c2lvbiwg d2l0aCBpbm l0aWF0aXZl cyB0byBwcm 9tb3RlIGdl bmRlciBlcX VhbGl0eSwg Y3VsdHVyYW wgZGl2ZXJz aXR5LCBhbm QgaW5jbHVz aXZpdHkgaW 4gdGhlIHdv cmtwbGFjZS 4gVGhpcyBo YXMgaGVscG VkIEFOWiBj cmVhdGUgYS BkaXZlcnNl IGFuZCBpbm NsdXNpdmUg d29yayBjdW x0dXJlLjxi cj44LiBJbn Zlc3RtZW50 IGluIGN1c3 RvbWVyIGV4 cGVyaWVuY2 U6IEFOWiBo YXMgaW52ZX N0ZWQgc2ln bmlmaWNhbn RseSBpbiBp bXByb3Zpbm cgaXRzIGN1 c3RvbWVyIG V4cGVyaWVu Y2UsIHRocm 91Z2ggaW5p dGlhdGl2ZX Mgc3VjaCBh cyBtb2JpbG UgYmFua2lu ZywgcGVyc2 9uYWxpemVk IGFuZCBzdH JlYW1saW5l ZCBzZXJ2aW NlcywgYW5k IGlubm92YX RpdmUgcHJv ZHVjdHMgYW 5kIHNvbHV0 aW9ucy48Yn I+OS4gU3Ry b25nIGNvcn BvcmF0ZSBn b3Zlcm5hbm NlOiBBTlog aGFzIGEgc3 Ryb25nIGNv cnBvcmF0ZS Bnb3Zlcm5h bmNlIGZyYW 1ld29yayBh bmQgYWRoZX JlcyB0byBz dHJpY3QgZX RoaWNhbCBz dGFuZGFyZH MsIGVuc3Vy aW5nIHRyYW 5zcGFyZW5j eSwgYWNjb3 VudGFiaWxp dHksIGFuZC ByZXNwb25z aWJsZSBkZW Npc2lvbi1t YWtpbmcuPG JyPjEwLiBB d2FyZHMgYW 5kIHJlY29n bml0aW9uOi BUaGUgY29t cGFueSBoYX MgcmVjZWl2 ZWQgbnVtZX JvdXMgYWNj b2xhZGVzIG FuZCBhd2Fy ZHMgZm9yIG l0cyBwZXJm b3JtYW5jZS wgaW5ub3Zh dGlvbiwgYW 5kIGNvbW1p dG1lbnQgdG 8gc3VzdGFp bmFiaWxpdH ksIGluY2x1 ZGluZyBiZW luZyBuYW1l ZCB0aGUgTW 9zdCBTdXN0 YWluYWJsZS BCYW5rIGds b2JhbGx5IG J5IERvdyBK b25lcyBTdX N0YWluYWJp bGl0eSBJbm RleCBpbiAy MDE5Lg==

VGhlIEF1c3 RyYWxpYSBh bmQgTmV3IF plYWxhbmQg QmFua2luZy BHcm91cCAo QU5aKSBpcy BhIGJhbmtp bmcgYW5kIG ZpbmFuY2lh bCBzZXJ2aW NlcyBjb21w YW55IHRoYX Qgb3BlcmF0 ZXMgcHJlZG 9taW5hbnRs eSBpbiBBdX N0cmFsaWEg YW5kIE5ldy BaZWFsYW5k LCBidXQgYW xzbyBoYXMg YSBwcmVzZW 5jZSBpbiAz NCBvdGhlci Bjb3VudHJp ZXMuIFRoZS Bjb21wYW55 J3MgYnVzaW 5lc3MgbW9k ZWwgaXMgYn VpbHQgb24g cHJvdmlkaW 5nIGEgd2lk ZSByYW5nZS BvZiBmaW5h bmNpYWwgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzIHRv IGluZGl2aW R1YWxzLCBz bWFsbCBhbm QgbWVkaXVt LXNpemVkIG VudGVycHJp c2VzLCBhbm QgbGFyZ2Ug Y29ycG9yYX Rpb25zLjxi cj5Tb21lIG tleSBhc3Bl Y3RzIG9mIE FOWidzIGJ1 c2luZXNzIG 1vZGVsIGlu Y2x1ZGU6PG JyPjEuIFJl dGFpbCBhbm QgY29tbWVy Y2lhbCBiYW 5raW5nIHNl cnZpY2VzOi BBTlogb2Zm ZXJzIHRyYW RpdGlvbmFs IGJhbmtpbm cgc2Vydmlj ZXMgc3VjaC BhcyBzYXZp bmdzIGFuZC BjaGVja2lu ZyBhY2NvdW 50cywgcGVy c29uYWwgbG 9hbnMsIGNy ZWRpdCBjYX JkcywgYW5k IG1vcnRnYW dlcyB0byBp dHMgcmV0YW lsIGN1c3Rv bWVycy4gSX QgYWxzbyBw cm92aWRlcy BiYW5raW5n IHNlcnZpY2 VzIHRvIHNt YWxsIGFuZC BtZWRpdW0t c2l6ZWQgYn VzaW5lc3Nl cywgaW5jbH VkaW5nIGJ1 c2luZXNzIG xvYW5zLCBh c3NldCBmaW 5hbmNpbmcs IGFuZCBjYX NoIG1hbmFn ZW1lbnQgc2 9sdXRpb25z Ljxicj4yLi BXZWFsdGgg bWFuYWdlbW VudCBhbmQg YWR2aXNvcn kgc2Vydmlj ZXM6IEFOWi BvZmZlcnMg YSB2YXJpZX R5IG9mIHdl YWx0aCBtYW 5hZ2VtZW50 IHNlcnZpY2 VzIHRvIGhl bHAgaXRzIG N1c3RvbWVy cyBwbGFuIG FuZCBtYW5h Z2UgdGhlaX IgZmluYW5j ZXMuIFRoaX MgaW5jbHVk ZXMgaW52ZX N0bWVudCBt YW5hZ2VtZW 50LCBpbnN1 cmFuY2UsIG FuZCBmaW5h bmNpYWwgYW R2aXNvcnkg c2VydmljZX MuPGJyPjMu IEluc3RpdH V0aW9uYWwg YmFua2luZz ogQU5aIHBy b3ZpZGVzIG EgcmFuZ2Ug b2YgZmluYW 5jaWFsIHNl cnZpY2VzIH RvIGxhcmdl IGNvcnBvcm F0aW9ucywg Z292ZXJubW VudHMsIGFu ZCBpbnN0aX R1dGlvbnMg c3VjaCBhcy BiYW5rcyBh bmQgc3VwZX Jhbm51YXRp b24gZnVuZH MuIFRoaXMg aW5jbHVkZX MgY29ycG9y YXRlIGJhbm tpbmcsIGds b2JhbCBtYX JrZXRzLCB0 cmFkZSBhbm Qgc3VwcGx5 IGNoYWluIG ZpbmFuY2Us IGFuZCB0cm Fuc2FjdGlv biBiYW5raW 5nLjxicj40 LiBEaWdpdG FsIGFuZCBt b2JpbGUgYm Fua2luZzog QU5aIGhhcy BpbnZlc3Rl ZCBoZWF2aW x5IGluIGRp Z2l0YWwgYm Fua2luZyBj YXBhYmlsaX RpZXMsIGFs bG93aW5nIG N1c3RvbWVy cyB0byBtYW 5hZ2UgdGhl aXIgZmluYW 5jZXMgYW5k IG1ha2UgdH JhbnNhY3Rp b25zIHRocm 91Z2ggb25s aW5lIGFuZC Btb2JpbGUg cGxhdGZvcm 1zLiBUaGlz IGhhcyBoZW xwZWQgdGhl IGNvbXBhbn kgcmVkdWNl IGNvc3RzIG FuZCBpbXBy b3ZlIGVmZm ljaWVuY3ku PGJyPjUuIE dsb2JhbCBw cmVzZW5jZT ogQU5aIGhh cyBhIHN0cm 9uZyBwcmVz ZW5jZSBpbi B0aGUgQXNp YS1QYWNpZm ljIHJlZ2lv biwgd2l0aC BhIGdyb3dp bmcgcHJlc2 VuY2UgaW4g b3RoZXIgZ2 xvYmFsIG1h cmtldHMgc3 VjaCBhcyBF dXJvcGUgYW 5kIEFtZXJp Y2EuIFRoaX MgYWxsb3dz IHRoZSBjb2 1wYW55IHRv IGJlbmVmaX QgZnJvbSB0 aGUgZ3Jvd3 RoIG9wcG9y dHVuaXRpZX MgaW4gZW1l cmdpbmcgbW Fya2V0cyBh bmQgZGl2ZX JzaWZ5IGl0 cyByZXZlbn VlIHN0cmVh bXMuPGJyPk 92ZXJhbGws IEFOWidzIG J1c2luZXNz IG1vZGVsIG lzIGZvY3Vz ZWQgb24gcH JvdmlkaW5n IGEgY29tcH JlaGVuc2l2 ZSBzdWl0ZS BvZiBmaW5h bmNpYWwgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzIHRv IGNhdGVyIH RvIHRoZSBk aXZlcnNlIG 5lZWRzIG9m IGl0cyBjdX N0b21lcnMu IFRoZSBjb2 1wYW55IGFs c28gYWltcy B0byBsZXZl cmFnZSB0ZW Nobm9sb2d5 IGFuZCBpdH MgZ2xvYmFs IHByZXNlbm NlIHRvIGRy aXZlIGdyb3 d0aCBhbmQg aW1wcm92ZS BjdXN0b21l ciBleHBlcm llbmNlLg==

AI has the potential to significantly impact the Australia and New Zealand Banking Group (ANZ) in several ways, particularly through substitution, disintermediation, and margin pressure.
1. Substitution: AI-driven financial technologies, such as robo-advisors and automated trading platforms, can provide services that traditionally rely on human advisors, potentially substituting some of ANZ’s offerings. These technologies can deliver financial advice, investment management, and personalized banking solutions more efficiently and at a lower cost. This could lead to a loss of market share for traditional banks like ANZ if they do not integrate AI into their service offerings.
2. Disintermediation: AI facilitates direct interactions between consumers and financial services, bypassing traditional intermediaries. For example, peer-to-peer lending platforms and blockchain technologies allow individuals to borrow and lend without going through banks. This disintermediation can weaken ANZ’s role in the financial ecosystem and lead to a reduction in the volume of transactions that generate revenue.
3. Margin Pressure: As competitors leverage AI to enhance efficiency and reduce operational costs, ANZ may face margin pressure. Advanced algorithms can optimize pricing, risk assessment, and customer service, enabling competitors to offer lower fees or better terms. If ANZ cannot match these efficiencies, it risks becoming less competitive in terms of pricing, which could collectively reduce profit margins across its products and services.
In conclusion, while AI presents opportunities for ANZ to innovate and enhance its offerings, it simultaneously poses challenges that could threaten its competitive positioning and financial performance. The bank will need to strategically adopt and integrate AI technologies to mitigate these risks and remain competitive in the evolving financial landscape.

The sensitivity of the Australia and New Zealand Banking Group (ANZ) to changes in interest rates can be analyzed through various aspects, including its earnings, cash flow, and valuation.
1. Earnings: ANZ’s earnings are generally positively correlated with interest rates, particularly through its net interest margin. When interest rates rise, the bank can charge more for loans compared to what it pays for deposits, leading to increased interest income. Conversely, falling interest rates can compress these margins, adversely impacting earnings. The bank’s exposure to variable rate loans and the composition of its asset and liability mix also play crucial roles; a higher proportion of variable-rate loans can enhance earnings in increasing interest rate environments.
2. Cash Flow: Changes in interest rates can affect ANZ’s cash flow through various channels. Higher interest rates can lead to increased cash inflows from loan interest but may also result in higher funding costs. This dual effect can complicate net cash flow predictions. Moreover, higher rates can influence consumer behavior; for instance, higher borrowing costs may reduce loan demand, impacting cash flow from new lending activities. Additionally, changes in interest rates can affect the timing and amount of cash flows associated with maturing debt and other financial instruments.
3. Valuation: Interest rates are a key factor in the valuation of banking institutions. Higher rates can lead to improved earnings outlooks, positively influencing the bank’s price-to-earnings (P/E) ratio and overall market valuation. On the other hand, lower interest rates may lead to concerns about future profitability, potentially resulting in downward pressure on valuations. The bank’s asset valuation can also be affected by interest rate movements through changes in the discount rate used to value future cash flows.
Overall, ANZ’s financial performance is significantly influenced by interest rate fluctuations, making it essential for the bank to manage its interest rate risk appropriately through hedging strategies and asset-liability management.

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvMj NYanppOWVU RmgxNERhQU N2MHYud2Vi cCIgYWx0PS JBdXN0cmFs aWEgYW5kIE 5ldyBaZWFs YW5kIEJhbm tpbmcgR3Jv dXAiIHRpdG xlPSJBdXN0 cmFsaWEgYW 5kIE5ldyBa ZWFsYW5kIE Jhbmtpbmcg R3JvdXAiIC BjbGFzcz0i aW1nLWZsdW lkIiBoZWln aHQ9OTAgd2 lkdGg9OTAg bG9hZGluZz 0nbGF6eScg c3R5bGU9J2 JvcmRlci1y YWRpdXM6ID ZweDsnPgoK ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdmbGV4Oi AxOyB0ZXh0 LWFsaWduOi BjZW50ZXI7 IG1hcmdpbi 1sZWZ0OiA1 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PHAgc3R5bG U9J2ZvbnQt c2l6ZTogMj ZweDsgY29s b3I6ICMzMz M7IG1hcmdp bi1ib3R0b2 06IDE1cHg7 Jz4KICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IPCfk4ggV2 FudCB0byBy ZWFkIG1vcm UgYWJvdXQg QXVzdHJhbG lhIGFuZCBO ZXcgWmVhbG FuZCBCYW5r aW5nIEdyb3 VwPwogICAg ICAgICAgIC AgICAgICAg ICAgICA8L3 A+CgogICAg ICAgICAgIC AgICAgICAg ICAgICA8YS BocmVmPSdp bmRleC5waH A/cGFnZT1z aWdudXAnIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGJh Y2tncm91bm QtY29sb3I6 ICMwMDdCRk Y7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bjb2xvcjog I2ZmZjsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIHBhZG Rpbmc6IDEw cHggMjBweD sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG JvcmRlci1y YWRpdXM6ID VweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIHRleHQt ZGVjb3JhdG lvbjogbm9u ZTsKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGZvbnQtd2 VpZ2h0OiBi b2xkOwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgbWFyZ2 luLXJpZ2h0 OiAxMHB4Ow ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgdH JhbnNpdGlv bjogYmFja2 dyb3VuZC1j b2xvciAwLj NzIGVhc2U7 JwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg b25tb3VzZW 92ZXI9J3Ro aXMuc3R5bG UuYmFja2dy b3VuZENvbG 9yPSIjMDA1 NmIzIicKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIG9ubW 91c2VvdXQ9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA3QkZGIi c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BTaWduIHVw IGZvciBmcm VlCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvYT 4KCiAgICAg ICAgICAgIC AgICAgICAg ICAgIDxzcG FuIHN0eWxl PSdtYXJnaW 46IDAgOHB4 OyBjb2xvcj ogIzU1NTsn Pm9yPC9zcG FuPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPG EgaHJlZj0n aW5kZXgucG hwP3BhZ2U9 bG9naW4nIH N0eWxlPScK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIGNv bG9yOiAjMD A3QkZGOwog ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgdGV4 dC1kZWNvcm F0aW9uOiB1 bmRlcmxpbm U7CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Bmb250LXdl aWdodDogNT AwOyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBsb2cg aW4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9h PgoKCiAgIC AgICAgICAg ICAgICAgIC AgICAgIDxw IHN0eWxlPS dtYXJnaW4t dG9wOiAxNX B4OyBmb250 LXNpemU6ID EzcHg7IGZv bnQtd2VpZ2 h0OiBib2xk OyBjb2xvcj ogI2QzMmYy ZjsnPgogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAg8J+Tli BHZXQgaW5z aWdodHMgZn JvbSA8aT4i VGhlIENoZW NrbGlzdCBW YWx1ZSBJbn Zlc3RvciDi gJQgQSBTbW FydGVyIFdh eSB0byBQaW NrIFN0b2Nr cyI8L2k+IG 5vdyEKICAg ICAgICAgIC AgICAgICAg ICAgICAgPC 9wPgoKICAg ICAgICAgIC AgICAgICAg ICAgICAgPC EtLQogICAg ICAgICAgIC AgICAgICAg ICAgICA8ZG l2IHN0eWxl PSdtYXJnaW 4tdG9wOiAx MnB4OyBmb2 50LXNpemU6 IDEzcHg7IG NvbG9yOiAj NDQ0Oyc+Ci AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICBTaW duIHVwIG5v dyBhbmQgZ2 V0IG91ciBm cmVlIGVCb2 9rIAogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGI+VGhl IENoZWNrbG lzdCBWYWx1 ZSBJbnZlc3 RvciDigJQg QSBTbWFydG VyIFdheSB0 byBQaWNrIF N0b2Nrczwv Yj4KICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9k aXY+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIC0t PgogICAgIC AgICAgICAg ICAgICAgIC AgICA8IS0t CiAgICAgIC AgICAgICAg ICAgICAgIC AgIDxkaXYg c3R5bGU9J2 1hcmdpbi10 b3A6IDE2cH g7IGZvbnQt c2l6ZTogMT RweDsgY29s b3I6ICM0ND Q7IGZvbnQt ZmFtaWx5Oi AtYXBwbGUt c3lzdGVtLC BCbGlua01h Y1N5c3RlbU ZvbnQsIFNl Z29lIFVJLC BSb2JvdG8s IEhlbHZldG ljYSBOZXVl LCBzYW5zLX NlcmlmOyBs aW5lLWhlaW dodDogMS42 Oyc+CiAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBIYXZlIH lvdSBoZWFy ZCBhYm91dC BvdXIgc2hv cnQgPHN0cm 9uZyBzdHls ZT0nZm9udC 13ZWlnaHQ6 IDYwMDsnPk RhaWx5IFZp ZGVvIE5ld3 NsZXR0ZXI8 L3N0cm9uZz 4/CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdodHRwcz ovL3d3dy5p bnNpZ2h0Zn VsdmFsdWUu Y29tL25ld3 NsZXR0ZXIu cGhwJyB0YX JnZXQ9J19i bGFuaycgc3 R5bGU9J2Nv bG9yOiAjMD A3QkZGOyB0 ZXh0LWRlY2 9yYXRpb246 IG5vbmU7IG ZvbnQtd2Vp Z2h0OiA1MD A7IG1hcmdp bi1sZWZ0Oi A2cHg7Jz4K ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg ICBGaW5kIG 91dCBtb3Jl CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 L2E+CiAgIC AgICAgICAg ICAgICAgIC AgICAgIDwv ZGl2PgogIC AgICAgICAg ICAgICAgIC AgICAgICAt LT4KICAgIC AgICAgICAg ICAgICAgIC A8L2Rpdj4K ICAgICAgIC AgICAgICAg IDwvZGl2Pg ogICAgICAg ICAgICA8L2 Rpdj4KICAg ICAgICAgIC AgCiAgICAg ICAgCiAgIC AgICAgPHNw YW4gY2xhc3 M9J2JsdXJy ZWQtdGV4dC c+CiAgICAg ICAgICAgIE 1TNGdWR2hs SUUgRjFjM1 J5WVd4cCBZ U0JoYm1RZ1 RtIFYzSUZw bFlXeGggYm 1RZ1FtRnVh MiBsdVp5Qk hjbTkxIGND QW9RVTVhS1 MgQnBjeUJ2 Ym1VZyBiMl lnZEdobElH IHhoY21kbG MzUWcgWW1G dWEybHVaeS BCaGJtUWda bWx1IFlXNW phV0ZzSUgg TmxjblpwWT JWeiBJR052 YlhCaGJtIG xsY3lCcGJp QkIgZFhOMG NtRnNhVyBF c0lIZHBkR2 dnIFlTQm9h WE4wYjMgSj VJR1JoZEds dSBaeUJpWV dOcklHIDky WlhJZ01UZ3 cgSUhsbFlY SnpMaiB4aW NqNHlMaUJV IGFHVWdZMj l0Y0cgRnVl U0IzWVhNZy BabTl5YldW a0lHIGx1SU RFNE16VWcg WVhNZ2RHaG xJRSBKaGJt c2diMllnIF FYVnpkSEpo YkcgRnphV0 VnWVc1ayBJ SGRoY3lCMG FHIFVnWm1s eWMzUWcgWW 1GdWF5QjBi eSBCdmNHVn lZWFJsIElH bHVJR0ZzYk MgQkJkWE4w Y21GcyBhV0 Z1SUdOdmJH IDl1YVdWek xqeGkgY2o0 ekxpQlVhRy BVZ2JtRnRa U0JCIFRsb2 dkMkZ6SUcg RmtiM0IwWl dRZyBhVzRn TVRrM01DIE IzYUdWdUlI Um8gWlNCQ1 lXNXJJRyA5 bUlFRjFjM1 J5IFlXeHBZ U0J0WlggSm 5aV1FnZDJs MCBhQ0IwYU dVZ1ZXIDVw YjI0Z1FtRn UgYXlCdlpp QkJkWCBOMG NtRnNhV0V1 IFBHSnlQal F1SUYgUm9a U0JqYjIxdy BZVzU1SUdo aGN5IEJoSU hOcFoyNXAg Wm1sallXNT BJSCBCeVpY TmxibU5sIE lHbHVJSFJv WlMgQkJjMm xoTFZCaCBZ MmxtYVdNZ2 NtIFZuYVc5 dUxDQjMgYV hSb0lHOXda WCBKaGRHbH Zibk1nIGFX NGdiM1psY2 kgQXpNQ0Jq YjNWdSBkSE pwWlhNZ2Qy IDl5YkdSM2 FXUmwgTGp4 aWNqNDFMaS BCSmJpQXlN REU1IExDQk JUbG9nZDIg RnpJSEpoYm 10bCBaQ0Jo Y3lCMGFHIF VnWm05MWNu Um8gTFd4aG NtZGxjMyBR Z1ltRnVheU JwIGJpQkJk WE4wY20gRn NhV0VnWVc1 ayBJSFJvWl NCc1lYIEpu WlhOMElHSm ggYm1zZ2FX NGdUbSBWM0 lGcGxZV3ho IGJtUWdZbm tnYlcgRnlh MlYwSUdOaC BjR2wwWVd4 cGVtIEYwYV c5dUxqeGkg Y2o0MkxpQk JUbCBvZ2FY TWdiMjVsIE lHOW1JSFJv WlMgQjBiM0 FnWm05MSBj aUJpWVc1cm N5IEJwYmlC QmRYTjAgY2 1Gc2FXRWdZ VyA1a0lHbH pJR052IGJu TnBaR1Z5Wl cgUWdZU0Rp Z0p4QyBhV2 NnUm05MWN1 IEtBblNCaV lXNXIgTENC aGJHOXVaeS BCM2FYUm9J RU52IGJXMX ZibmRsWVcg eDBhQ0JDWV c1ciBMQ0JP WVhScGIyID VoYkNCQmRY TjAgY21Gc2 FXRWdRbSBG dWF5d2dZVz VrIElGZGxj M1J3WVcgTX VQR0p5UGpj dSBJRlJvWl NCamIyIDF3 WVc1NTRvQ1 ogY3lCb1pX RmtjWCBWaG NuUmxjbk1n IFlYSmxJR3 h2WTIgRjBa V1FnYVc0Zy BUV1ZzWW05 MWNtIDVsTE NCQmRYTjAg Y21Gc2FXRX VQRyBKeVBq Z3VJRUZPIF dpQndjbTky YVcgUmxjeU JoSUhkcCBa R1VnY21GdV oyIFVnYjJZ Z1ltRnUgYT JsdVp5Qmhi bSBRZ1ptbH VZVzVqIGFX RnNJSE5sY2 4gWnBZMlZ6 TENCcCBibU 5zZFdScGJt IGNnY0dWeW MyOXUgWVd3 Z1ltRnVhMi BsdVp5d2dZ blZ6IGFXNW xjM01nWW0g RnVhMmx1Wn l3ZyBkMlZo YkhSb0lHID FoYm1GblpX MWwgYm5Rc0 lHbHVkbSBW emRHMWxibl FnIFltRnVh Mmx1Wnkgd2 dZVzVrSUds dSBjM1Z5WV c1alpTIDQ4 WW5JK09TNG cgU1c0Z1lX UmthWCBScG IyNGdkRzhn IGRISmhaR2 wwYVcgOXVZ V3dnWW1GdS BhMmx1WnlC elpYIEoyYV dObGN5d2cg UVU1YUlHbH pJRyBGc2My OGdhVzUyIF pYTjBhVzVu SUcgbHVJR1 JwWjJsMCBZ V3dnWVc1a0 lIIFJsWTJo dWIyeHYgWj NrZ2MyOXNk WCBScGIyNX pJSFJ2IElH bHRjSEp2ZG 0gVWdZM1Z6 ZEc5dCBaWE lnWlhod1pY IEpwWlc1al pTQmggYm1R Z2MzUmhlUy BCamIyMXda WFJwIGRHbD JaU0JwYmkg QjBhR1VnYV c1ayBkWE4w Y25rdVBHIE p5UGpFd0xp QlUgYUdVZ1 kyOXRjRyBG dWVTQm9ZWE 1nIFlTQnpk SEp2Ym0gY2 dZMjl0Ylds MCBiV1Z1ZE NCMGJ5IEJ6 ZFhOMFlXbH UgWVdKcGJH bDBlUyBCaG JtUWdhR0Z6 IElISmxZMl ZwZG0gVmtJ SEpsWTI5bi BibWwwYVc5 dUlHIFp2Y2 lCcGRITWcg WldabWIzSj BjeSBCcGJp QmhjbVZoIG N5QnpkV05v SUcgRnpJR1 Z1ZG1seSBi MjV0Wlc1MF lXIHdzSUhO dlkybGggYk N3Z1lXNWtJ RyBkdmRtVn libUZ1IFky VWdLRVZUUn kga2djSEpo WTNScCBZMl Z6TGp4aWNq IDR4TVM0Z1 FVNWEgSUdo aGN5QmhJSC BOMGNtOXVa eUJtIGIyTj FjeUJ2Ymkg QmthWFpsY2 5OcCBkSGtn WVc1a0lHIG x1WTJ4MWMy bHYgYml3Z2 QybDBhQyBC dmRtVnlJRF EwIEpTQnZa aUJwZEggTW diR1ZoWkdW eSBjMmhwY0 NCeWIyIHhs Y3lCb1pXeG sgSUdKNUlI ZHZiVyBWdU lHRnVaQ0Ju IGIyRnNjeU JwYmkgQndi R0ZqWlNCMC BieUJwYm1O eVpXIEZ6Wl NCeVpYQnkg WlhObGJuUm hkRyBsdmJp QnZaaUJwIG JtUnBaMlZ1 YjMgVnpJRU YxYzNSeSBZ V3hwWVc1ek lHIEZ1WkNC d1pXOXcgYk dVZ1puSnZi UyBCa2FYWm xjbk5sIElH SmhZMnRuY2 0gOTFibVJ6 TGp4aSBjaj R4TWk0Z1ZH IGhsSUdOdm JYQmggYm5r Z2FYTWdZVy B4emJ5QnBi blp2IGJIWm xaQ0JwYmkg QjJZWEpwYj NWeiBJSEJv YVd4aGJuIF JvY205d2FX TWcgYVc1cG RHbGhkRyBs MlpYTXNJSE 4xIFkyZ2dZ WE1nYzMgVn djRzl5ZEds dSBaeUJzYj JOaGJDIEJq YjIxdGRXNX AgZEdsbGN5 QjBhSCBKdm RXZG9JR2ww IGN5QkRiM0 p3YjMgSmhk R1VnVTI5ai BhV0ZzSUZK bGMzIEJ2Ym 5OcFltbHMg YVhSNUlIQn liMiBkeVlX MGdZVzVrIE lITndiMjV6 YjMgSnBibW NnYzNCdiBj blJwYm1jZ1 pYIFpsYm5S eklHRnUgWk NCdmNtZGhi bSBsNllYUn BiMjV6IExq eGljajR4TX kgNGdRVTVh SUdoaCBjeU JtWVdObFpD IEJqY21sMG FXTnAgYzIw Z2FXNGdkRy BobElIQmhj M1FnIFptOX lJR2wwY3kg QnBiblp2Yk habCBiV1Z1 ZENCcGJpIE JqYjI1MGNt OTIgWlhKem FXRnNJRyBs dVpIVnpkSE pwIFpYTXNJ SE4xWTIgZ2 dZWE1nWm1s dSBZVzVqYV c1bklHIFp2 YzNOcGJDQm 0gZFdWc0lI QnliMiBwbF kzUnpMaUJJ IGIzZGxkbV Z5TEMgQjBh R1VnWTI5dC BjR0Z1ZVNC b1lYIE1nYl dGa1pTQmwg Wm1admNuUn pJSCBSdklI SmxaSFZqIF pTQnBkSE1n WTIgRnlZbT l1SUdadiBi M1J3Y21sdW RDIEJoYm1R Z2FXNWogY2 1WaGMyVWdh VyA1MlpYTj BiV1Z1IGRD QnBiaUJ6ZF ggTjBZV2x1 WVdKcyBaU0 JsYm1WeVoz IGtnY0hKdm FtVmogZEhN dVBHSnlQai BFMExpQkJj eUJ2IFppQX lNREl4TEMg QkJUbG9nYU dGeiBJRzky WlhJZ05EIF lzTURBd0lH VnQgY0d4dm VXVmxjeSBC bmJHOWlZV3 hzIGVTQmhi bVFnYzIgVn lkbVZ6SUdG eSBiM1Z1Wk NBNUlHIDFw Ykd4cGIyNG cgWTNWemRH OXRaWCBKek xqeGljajR4 IE5TNGdWR2 hsSUcgTnZi WEJoYm5rZy BhR0Z6SUhK bFkyIFZwZG 1Wa0lHNTEg YldWeWIzVn pJRyBGM1lY SmtjeUJoIG JtUWdZV05q YjIgeGhaR1 Z6TENCcCBi bU5zZFdScG JtIGNnWW1W cGJtY2cgYm 1GdFpXUWdk RyBobElIUn ZjQ0JpIFlX NXJJR2x1SU UgRjFjM1J5 WVd4cCBZU0 JtYjNJZ1kz IFZ6ZEc5dF pYSWcgYzJW eWRtbGpaUy BCaWVTQlNi M2tnIFRXOX laMkZ1SUcg bHVJREl3TW pBdQogICAg ICAgIDwvc3 Bhbj4KICAg ICAgICAKIC AgICAgICA=