Or that the stock matters a lot more… Draghi: Okay, but you see how it makes a big difference whether they matter or they matter slightly less than stocks.
3  honor previous pledge will be reduced. Therefore, to make the CMIM effective, it is critical to transform it into a fund with paid-in capital and develop a proper institutional design so that its paid-in capital can be always regarded as a part of FX reserves. Prolonging the Maturity Second, we need to extend the maturity of the CMIM programs.