[ Gentle music plays ] Let's move to a more interesting part is so who are the market participants? So if you if you are a corporate, if you want to enter the market or if you are a banker and say like," Hey this could be interesting, who should I contact to set it up," okay it's a very practical kind of chapter. So first of all let's look at the ecosystem, it's just a general view. So you see I mean, of course, the key part is is the buyer and the supplier they are providing the demand for such solution and then the key players which provide them these solutions service providers, platform provider, service providers, technology providers because you need the technology to run these platforms, financial institutions to provide financing and sometimes risk takers like credit insurance companies like Atradius, Euler Hermes, Coface which ensure the credit risk and then on a wider level you have enablers like B2B networks for the exchange of electronic invoicing for example and then consultants, and then extended you have government. So yesterday we saw government's like the Obama administration which was pushing for supply chain finance or UK government; associations like the International Chamber of Commerce or the BAFT the Banker Association for Finance and Trade, and then of course, research academia which provides more research on that topic [Voice: Technology for providers like for service provider?] Yeah there's a good question, so let me so it's it's not like a clear distinction. So before I show you in the slide all the technology companies, so you have the service providers as it says they provide a service that they they set up the program okay. They connect with the ERP system with the buyer. They onboard the suppliers, they provided little bit consultancy but they also have a they have also a technology platform okay and in some cases they sell this platform to banks. So they can act as service provider plus technology or they just sell the technology to the bank, but then you have separate - no put it here - then you have technology companies software companies, they just make software where they only make money by licensing the technology platform mainly to banks or to service providers okay, and then to make it even more complicated then you have banks, which developed their own technology platform okay, which provide the technology platform to other banks, which is kind of weird, that is why I separate that so specific technology and service provider.
