[upbeat music] So if you could, yeah, if you could simply explain the product as you just explained it to me, that'd be, that'd be really helpful.

Yes.

Well, thank you for inviting us and for having us here [laughs].

Uh, my name is Meike.

I'm from VDP Research.

Uh, VDP Research is a subsidiary of the Association of German Mortgage Banks.

Um, and it's a data-based analytics that we are offering, indices, forecasts, uh, and different market-end transactional data that we are putting into risk models.

Mm