And Nazma, based on this, where does all of this land most immediately in the financial supply chain?

Physical and financial supply chains are very tightly coupled.

Of course, financial supply chain side where it lands most immediately is in the liquidity conversation.

The rate cycle of the last few years means clients are actively managing where cash sits, for how long, and at what yield.

Treasury teams have always known that idle cash has a cost.

That's not a new concept.

But the technology to act on it at scale, the real-time visibility, the automated sweeping and pooling solutions exist now in a way that simply didn't in previous rate cycles.

So based on all of this, what would you say is the role of Lloyds in this landscape, and how have asks from clients changed from even a few years ago? Nazma, why don't we start with you?