And when runs on money market mutual funds caused the funds to stop buying commercial paper, it was used to support the commercial paper market, a key source of funding for businesses.
You will hear during this conference updates on the initiatives now underway, in conjunction with the International Capital Market Association and the International Swaps and Derivatives Association, to develop Sharia compliant hedging instruments, as well as standardized repo and commodity murabaha contracts. These will be important breakthroughs for the industry, and we very much look forward to their realization later this year.