2015-10-26T09:49:21-05:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2014-01-01 521289843 INSTITUTE OF INTERNATIONAL FINANCE INC INST 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 200054770 TIMOTHY D ADAMS PRESIDENT AND CEO 2028573600 2015-10-19 1 MELISSA LAFFERTY P01222987 5712279500 2014 2016-04-25 22:37:26Z TIMOTHY D ADAMS 1333 H STREET NW NO 800E WASHINGTON DC 200054770 40585371 0 X WWW.IIF.COM X 1982 DC TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING BEST PRACTICES AND STANDARDS; AND IN ADVOCATING REGULATORY, FINANCIAL, AND ECONOMIC POLICIES THAT ARE IN THE BROAD INTEREST OF OUR MEMBERS AND FOSTER GLOBAL FINANCIAL STABILITY. 36 35 110 35 0 0 0 38943 33308336 34610817 180966 477209 10330 16276 33499632 35143245 0 0 0 0 21999819 23980025 0 0 0 9754663 11330417 31754482 35310442 1745150 -167197 41070594 44494427 17804362 21613488 23266232 22880939 X TO SUPPORT THE FINANCIAL INDUSTRY IN PRUDENTLY MANAGING RISKS, INCLUDING SOVEREIGN RISK; IN DEVELOPING SOUND PRACTICES AND STANDARDS; AND IN ADVOCATING REGULATORY, FINANCIAL, AND ECONOMIC POLICIES THAT ARE IN THE BROAD INTEREST OF OUR MEMBERS AND FOSTER GLOBAL FINANCIAL STABILITY. 0 0 ECONOMIC AND FINANCIAL ANALYSISTHE INSTITUTE PROVIDES ITS MEMBERS WITH HIGH-QUALITY, TIMELY, AND IMPARTIAL ANALYSIS AND RESEARCH ON GLOBAL FINANCIAL AND ECONOMIC DEVELOPMENTS AND OTHER CENTRAL ISSUES IN GLOBAL FINANCE. IN 2014, WE PUBLISHED 93 RESEARCH NOTES, 47 WEEKLY INSIGHTS, 3 CAPITAL FLOWS REPORTS; 5 GLOBAL ECONOMIC MONITORS, 11 CAPITAL MARKET MONITORS, 7 CHARTBOOK UPDATES; 4 EMERGING MARKET LENDING SURVEYS; 10 EMERGING MARKET PORTFOLIO FLOWS TRACKERS, AND 5 EMERGING MARKET COOINCIDENT INDICATOR REPORTS. IN ADDITION TO THESE REPORTS, IIF ECONOMISTS PROVIDE ECONOMIC BRIEFINGS IN A VARIETY OF GLOBAL AND REGIONAL VENUES. A VARIETY OF GLOBAL AND REGIONAL VENUES. EVENTS AND TRAINING PROGRAMSTHE INSTITUTE PROVIDES A WIDE RANGE OF OPPORTUNITIES, IN PERSON AND VIA CONFERENCE CALLS, FOR MEMBERS TO GATHER AND DISCUSS ISSUES OF COMMON INTEREST AND CONCERN ON GLOBAL AND REGIONAL FINANCIAL AND ECONOMIC ISSUES. IN 2014 THE GLOBAL ECONOMIC RECOVERY, CHANGES IN GLOBAL FINANCIAL REGULATION, THE IMPACT OF TECHNOLOGY ON THE FINANCIAL SERVICES INDUSTRY AND FINANCIAL INCLUSION WERE ALL TOPICAL ISSUES THAT FIGURED PROMINENTLY IN OUR EVENTS - WHICH TOTALED APPROXIMATELY 80, INCLUDING COMMITTEE AND WORKING GROUP MEETINGS - AND WHICH ALSO INCLUDED PRESENTATIONS ON THE FINANCIAL AND ECONOMIC OUTLOOK, DISCUSSIONS ON RISK MANAGEMENT, ANALYSIS OF THE RECOVERY, RECOMMENDATIONS FOR THE G20, AMONG OTHER THINGS. CAPITAL MARKETS AND EMERGING MARKETS POLICYTHE IIF WORKS COOPERATIVELY WITH MULTILATERAL ORGANIZATIONS TO STRENGTHEN THE EFFICIENCY, TRANSPARENCY, STABLILITY, AND COMPETITIVENESS OF THE GLOBAL FINANCIAL SYSTEM, WITH AN EMPHASIS ON VOLUNTARY, MARKET-BASED APPROACHES TO CRISIS PREVENTION AND MANAGEMENT, AND PROMOTES THE DEVELOPMENT OF SOUND FINANCIAL SYSTEMS, WITH AN EMPHASIS ON EMERGING MARKETS.THROUGHOUT 2014 THE INSTITUTE CONTINUED ITS ACTIVITIES THAT FOCUS ON CRISIS PREVENTION AND RESOLUTION. IN FEBRUARY THE IIF, IN PARTNERSHIP WITH THE AUSTRALIAN MINISTRY OF FINANCE, HELD A HIGH-LEVEL CONFERENCE IN SYDNEY AHEAD OF THE G20 MEETING OF FINANCE MINISTERS AND CENTRAL BANK GOVERNORS, FOCUSED ON THE 2014 G20 AGENDA. IN APRIL THE IIF HELD ITS ANNUAL ROUNDTABLE ON INTERNATIONAL CAPITAL MARKETS AND EMERGING MARKETS, BRINGING TOGETHER SENIOR PUBLIC OFFICIALS AND INDUSTRY LEADERS FROM BOTH MATURE AND EMERGING MARKET ECONOMIES TO DISCUSS GLOBAL POLICY ISSUES AND SOVEREIGN DEBT MARKET DEVELOPMENTS. IN OCTOBER, THE GROUP OF TRUSTEES OF THE PRINCIPLES FOR STABLE CAPITAL FLOWS AND FAIR DEBT RESTRUCTURING HELD ITS ANNUAL MEETING TO REVIEW THE PROGRESS MADE ON THE IMPLEMENTATION OF THE PRINCIPLES FOR STABLE CAPITAL FLOWS. IN JUNE WE HELD OUR ANNUAL PARIS CLUB MEETING WHICH FOCUSED ON THE FRAMEWORK FOR SOVEREIGN DEBT CRISIS PREVENTION AND RESOLUTION. ALSO IN JUNE, AND THEN AGAIN IN DECEMBER, THE MARKET MONITORING GROUP, WHICH IS THE PRIVATE SECTOR EQUIVALENT OF THE OFFICIAL SECTOR'S SYSTEMIC OVERSIGHT BOARDS, MET TO DEVELOP FORWARD-LOOKING PERSPECTIVES ON POTENTIAL CHALLENGES. GLOBAL FINANCIAL SERVICES REGULATIONTHE IIF IS THE LEADING VOICE FOR THE FINANCIAL SERVICES INDUSTRY ON GLOBAL REGULATORY ISSUES. WE ENGAGE CONTINUOUSLY AND CONSTRUCTIVELY WITH GLOBAL STANDARD SETTERS AND POLICYMAKERS THROUGH FORMAL SUBMISSIONS AND REPORTS, AS WELL AS THROUGH REGULAR DIALOGUE AND HIGH-LEVEL SYMPOSIA. IN 2014, THE IIF CONTINUED TO SERVE AS A FORUM FOR DIALOGUE WITH THE FINANCIAL STABILITY BOARD (FSB), THE BASEL COMMITTEE ON BANKING SUPERVISION (BCBS), THE INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS (IAIS), AND THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS (IOSCO), AMONG OTHERS. THROUGH ITS COMMITTEES AND WORKING GROUPS MADE UP OF INDUSTRY REPRESENTATIVES AND IIF STAFF, THE IIF PROVIDES INDUSTRY RESPONSES TO CONSULTATIVE DOCUMENTS ISSUED BY THESE ORGANIZATIONS. IN 2014, THE IIF FOCUSED ON ISSUES SUCH AS INTERNATIONAL CAPITAL AND LIQUIDITY STANDARDS FOR BANKS AND INSURERS, RESOLUTION AND RECOVERY POLICY ISSUES, DERIVATIVES MARKET RULES, INTERNATIONAL CONDUCT STANDARDS, SHADOW BANKING, SUPERVISION AND RISK MANAGEMENT, AND ACCOUNTING STANDARDS, AMONG MANY OTHERS. IN ADDITION TO A WIDE ARRAY OF LETTERS TO THE OFFICIAL SECTOR IN RESPONSE TO PROPOSALS AND REQUESTS FOR COMMENTS, IN 2014, THE IIF RELEASED A REPORT ON "RISK-SENSITIVITY: THE IMPORTANT ROLE OF INTERNAL MODELS," WHICH ANALYZED HOW RISK MODELS AND CAPITAL MEASURES ARE USED WITHIN A BANK AND HOW BANKS ORIGINATE AND MANAGE EXPOSURES AND USE PERFORMANCE MEASURES TO REINFORCE THE DESIRED RISK CULTURE. MEMBERSHIP DEVELOPMENTMEMBERSHIP DEVELOPMENT ACTIVITIES INCLUDE, AMONG OTHER THINGS, ONE-ON-ONE MEETINGS WITH OUR MEMBERS TO DISCUSS ISSUES OF CONCERN TO THEM AND TO EXPLAIN THE RANGE OF PRODUCTS AND SERVICES AVAILABLE TO THEM. IT ALSO INCLUDES PRESS RELATIONS AS MANY OF THE TOPICS WE COVER ANALYTICALLY ARE OF INTEREST TO THE PRESS. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 110 1 0 1 CH SN 0 0 0 0 X 36 35 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 0 0 X BARRIE ORELLANA 2028573600 1333 H STREET NW NO 800E WASHINGTON DC 200054770 DOUGLAS FLINT CHAIRMAN 2.00 X X 0 0 0 ROBERTO SETUBAL VICE CHAIRMAN 2.00 X X 0 0 0 WALTER KIELHOLZ VICE CHAIRMAN 2.00 X X 0 0 0 MARCUS WALLENBERG VICE CHAIRMAN AND TREASURER 2.00 X X 0 0 0 YAHYA ALYAHYA BOARD DIRECTOR 2.00 X 0 0 0 WALTER BAYLY BOARD DIRECTOR 2.00 X 0 0 0 MARTIN BLESSING BOARD DIRECTOR 2.00 X 0 0 0 GARY COHN BOARD DIRECTOR 2.00 X 0 0 0 MICHAEL CORBAT BOARD DIRECTOR 2.00 X 0 0 0 ANA BOTIN BOARD DIRECTOR 2.00 X 0 0 0 FEDERICO GHIZZONI BOARD DIRECTOR 2.00 X 0 0 0 FRANCISCO GONZALEZ BOARD DIRECTOR 2.00 X 0 0 0 JAMES GORMAN BOARD DIRECTOR 2.00 X 0 0 0 PIYUSH GUPTA BOARD DIRECTOR 2.00 X 0 0 0 GERALD HASSELL BOARD DIRECTOR 2.00 X 0 0 0 NOBUYUKI HIRANO BOARD DIRECTOR 2.00 X 0 0 0 ANSHU JAIN BOARD DIRECTOR 2.00 X 0 0 0 ANTONY JENKINS BOARD DIRECTOR 2.00 X 0 0 0 NOBUHIDE HAYASHI BOARD DIRECTOR 2.00 X 0 0 0 JIANQING JIANG BOARD DIRECTOR 2.00 X 0 0 0 CHANDA KOCHHAR BOARD DIRECTOR 2.00 X 0 0 0 JEAN LEMIERRE BOARD DIRECTOR 2.00 X 0 0 0 MASAYUKI OKU BOARD DIRECTOR 2.00 X 0 0 0 FREDERIC OUDEA BOARD DIRECTOR 2.00 X 0 0 0 DANIEL PINTO BOARD DIRECTOR 2.00 X 0 0 0 BRIAN PORTER BOARD DIRECTOR 2.00 X 0 0 0 STEVEN KANDARIAN BOARD DIRECTOR 2.00 X 0 0 0 URS ROHNER BOARD DIRECTOR 2.00 X 0 0 0 SUZAN SABANCI DINCER BOARD DIRECTOR 2.00 X 0 0 0 PETER SANDS BOARD DIRECTOR 2.00 X 0 0 0 MARTIN SENN BOARD DIRECTOR 2.00 X 0 0 0 MICHAEL SMITH BOARD DIRECTOR 2.00 X 0 0 0 ANDREAS TREICHL BOARD DIRECTOR 2.00 X 0 0 0 BEN KRUGER BOARD DIRECTOR 2.00 X 0 0 0 AXEL WEBER BOARD DIRECTOR 2.00 X 0 0 0 TIMOTHY D ADAMS PRESIDENT AND CEO 40.00 X X 2341050 0 51059 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 40.00 X 460844 0 48559 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 40.00 X 883967 0 28000 KEVIN NIXON MANAGING DIRECTOR 40.00 X 320101 0 33741 KRISTEN SILVERBERG GENERAL COUNSEL AND SENIOR ADVISOR 40.00 X 506181 0 33180 CHARLES COLLYNS MANAGING DIRECTOR AND CHIEF ECONOMIST 40.00 X 608337 0 26000 DAVID SCHRAA REGULATORY COUNSEL 40.00 X 593874 0 46339 SONJA GIBBS DIRECTOR 40.00 X 424633 0 26349 ANDRES PORTILLA DIRECTOR 40.00 X 513596 0 49922 ABDESSATAR OUANES DIRECTOR 40.00 X 449391 0 26000 GEORGE ABED DIRECTOR AND SENIOR ADVISOR 40.00 X 667462 0 26000 7769436 0 395149 51 0 1 0 0 38943 38943 MEMBERSHIP DUES 900099 31140003 31140003 SPONSORSHIP INCOME 900099 2540000 2540000 REGISTRATION FEE INCOME 900099 923814 923814 GUEST SPEAKER FEES 900099 7000 7000 34610817 218490 218490 5700845 5429370 12756 271475 -12756 258719 258719 REBATES/REFUNDS 900099 16276 16276 16276 35143245 34627093 0 477209 5341018 15939540 1102863 768131 828473 248121 86572 43105 298130 1067751 2268995 3037954 2607675 1009115 85108 SUBSCRIPTIONS AND BOOKS 408653 TAX,INSURANCE AND FEES 138545 MISCELLANEOUS EXPENSES 30693 35310442 -213984 -83504 28930703 27704991 201743 422093 484986 1080868 9471069 3707074 2215815 5763995 9451331 9605984 41070594 44494427 1605417 2571564 13999101 13278511 2199844 5763413 17804362 21613488 X 23266232 22880939 23266232 22880939 41070594 44494427 -167197 -218096 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4813937 1326635 3487302 2302178 964183 1337995 2354954 1416256 938698 5763995 DEFERRED RENT 5763413 5763413 X 34968936 -218096 74136 -143960 35112896 43105 -12756 30349 35143245 35354229 74136 12756 86892 35267337 43105 43105 35310442 PART X, LINE 2: THE INSTITUTE ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THE INSTITUTE EVALUATED ITS INCOME TAX POSITIONS AND DETERMINED THAT THEY ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE INSTITUTE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS -12,756. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSET 12,756. EAST ASIA AND THE PACIFIC - 2 4 PROGRAM SERVICES THE GOAL OF THE INSTITUTE OF INTERNATIONAL FINANCE, INC.'S ASIA REPRESENTATIVE OFFICE IN BEIJING IS TO FACILITATE THE EXCHANGE OF IDEAS, EXPERIENCE, KNOWLEDGE AND CONTACTS BETWEEN THE RAPIDLY GROWING FINANCIAL SERVICES INDUSTRY OF ASIA AND ITS COUNTERPARTS ACROSS THE WORLD. THE OFFICE PLAYED A CENTRAL ROLE IN DEEPENING AND EXPANDING INSTITUTE OF INTERNATIONAL FINANCE, INC. ACTIVITIES IN THE REGION AND IN SUPPORTING THE ASIAN FINANCIAL SECTOR AS IT ASSUMES A GREATER ROLE AND VOICE IN THE INTERNATIONAL FINANCIAL COMMUNITY. THE OFFICE WAS ESTABLISHED TO COORDINATE A WIDE RANGE OF ACTIVITIES IN ASIA; TO ENHANCE OUR ABILITY TO MEET THE NEEDS OF OUR ASIAN MEMBERS IRRESPECTIVE OF DIFFERENCES IN TIME, LANGUAGE, AND CULTURE; TO INFORM MEMBERS IN THE REGION OF THE INSTITUTE OF INTERNATIONAL FINANCE, INC.'S ONGOING RESEARCH AND ANALYSIS; TO ENCOURAGE MEMBERS TO ACTIVELY PARTICIPATE IN THE GLOBAL REGULATORY DIALOGUE; AND TO IDENTIFY COMMON INTERESTS ON KEY POLICY ISSUES. 834767 MIDDLE EAST & NORTH AFRICA 1 2 PROGRAM SERVICES SIMILAR TO THE GOALS MENTIONED ABOVE, THE GOAL OF THE INSTITUTE OF INTERNATIONAL FINANCE'S REPRESENTATIVE OFFICE IN THE DUBAI IS TO FACILITATE THE EXCHANGE OF IDEAS, EXPERIENCE, KNOWLEDGE AND CONTACTS BETWEEN THE FINANCIAL SERVICES INDUSTRY IN BOTH THE MIDDLE EAST AND IN AFRICA AND THEIR COUNTERPARTS ACROSS THE WORLD. THE OFFICE PLAYS A CENTRAL ROLE IN DEEPENING AND EXPANDING INSTITUTE'S ACTIVITIES IN THE REGION AND IN SUPPORTING THE FINANCIAL SECTORS OF BOTH THE MIDDLE EAST AND OF AFRICA. THE OFFICE WAS ESTABLISHED TO COORDINATE A WIDE RANGE OF ACTIVITIES IN THE TWO REGIONS INCLUDING: TO ENHANCE OUR ABILITY TO MEET THE NEEDS OF OUR REGIONAL MEMBERS IRRESPECTIVE OF DIFFERENCES IN TIME, LANGUAGE, AND CULTURE; TO INFORM MEMBERS IN THE REGIONS OF THE INSTITUTE'S ONGOING RESEARCH AND ANALYSIS; TO ENCOURAGE MEMBERS TO ACTIVELY PARTICIPATE IN THE GLOBAL REGULATORY DIALOGUE; AND TO IDENTIFY COMMON INTERESTS ON KEY POLICY ISSUES. 526570 3 6 0 0 3 6 1361337 0 1361337 0 0 0 0 0 0 X X X X 0 0 0 TIMOTHY D ADAMS PRESIDENT AND CEO 1241050 0 1100000 0 0 0 26000 0 25059 0 2392109 0 0 0 BARRIE ORELLANA SENIOR DIRECTOR OF FINANCE 243536 0 212500 0 4808 0 26000 0 22559 0 509403 0 0 0 HUNG TRAN EXECUTIVE MANAGING DIRECTOR 439905 0 435600 0 8462 0 26000 0 2000 0 911967 0 0 0 KEVIN NIXON MANAGING DIRECTOR 289182 0 0 0 30919 0 25800 0 7941 0 353842 0 0 0 KRISTEN SILVERBERG GENERAL COUNSEL AND SENIOR ADVISOR 271068 0 228250 0 6863 0 10200 0 22980 0 539361 0 0 0 CHARLES COLLYNS MANAGING DIRECTOR AND CHIEF ECONOMIS 400000 0 200000 0 8337 0 26000 0 0 0 634337 0 0 0 DAVID SCHRAA REGULATORY COUNSEL 315308 0 271032 0 7534 0 26000 0 20339 0 640213 0 0 0 SONJA GIBBS DIRECTOR 254245 0 165259 0 5129 0 26000 0 349 0 450982 0 0 0 ANDRES PORTILLA DIRECTOR 283552 0 220313 0 9731 0 26000 0 23922 0 563518 0 0 0 ABDESSATAR OUANES DIRECTOR 279679 0 167807 0 1905 0 26000 0 0 0 475391 0 0 0 GEORGE ABED DIRECTOR AND SENIOR ADVISOR 366568 0 293254 0 7640 0 26000 0 0 0 693462 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS MAY APPOINT SUCH COMMITTEES, INCLUDING AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AS IT SHALL DEEM FIT. SUCH COMMITTEES SHALL HAVE SUCH POWERS, EXCEPT THE POWER TO AMEND THE BY-LAWS OR TO FILL VACANCIES ON THE BOARD, AS THE BOARD OF DIRECTORS MAY DETERMINE. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE INSITUTE SHALL BE OPEN TO ANY LENDING INSTITUTION, INVESTMENT BANK, MERCHANT BANK, INVETMENT FUND ENGAGED IN INTERNATIONAL FINANCIAL TRANSACTIONS, OR INSURANCE COMPANY. FORM 990, PART VI, SECTION A, LINE 7A FULL MEMBERS ELECT 29 OF THE INSTITUTE'S AUTHORIZED DIRECTORS AND THE BOARD OF DIRECTORS ELECT THE REMAINING 7 DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS APPROVE THE BOARD RECOMMENDED BUDGET. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE OUTSIDE ACCOUNTING FIRM, REVIEWED BY THE SENIOR ACCOUNTING MANAGER, REVIEWED AND FINALIZED BY THE SENIOR DIRECTOR OF FINANCE, THEN REVIEWED AND SIGNED BY THE PRESIDENT AND CEO BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAVE ESTABLISHED A SEPARATE COMPENSATION COMMITTEE WHICH REVIEWS THE COMPENSATION OF THE ORGANIZATION CEO. THIS INCLUDES A REVIEW OF COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION OF THE ORGANIZATION'S CEO. THE PROCESS LAST TOOK PLACE IN 2014. THE PRESIDENT AND CEO REVIEWS MARKET COMPENSATION DATA FOR KEY EMPLOYEES AS PROVIDED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THIS PROCESS TOOK PLACE IN 2014. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS DURING 2014.