summlooking at the program.turn on the pool of asset loaned was 24 basis points. on page 13, we provided a review of the collateral pool. backing up the 1.6 billion as of end june of 30, 2024, we held 1.7 billion dollars collateral. it was evenly split between cash and non cash. the overall pool is x and a half percent above collateralized.to page 14, here review reinvestment aspect collateral review. this portfolio is yielding a 5.5 percent and conservative manner, the details credit quality and maturity profile are listed on this page.■j the 5.5 percent yield that this reinvestment is earning, we see the trend on page 50.little bit during the year, the yield on overall reinvestment portfolio decrease came down as the beginning of 2024 because of tighter spreads. that concludes the first program update portion. i will now hand it back to mike to discuss updates from melon. >> so the regulatory environment is a big driver of our business both creating opportunities and forcing us to run our business better to re