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How does spread betting work? - MoneyWeek Investment Tutorials


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Easy to bet in the currency of your choice greater control of currency exposure. A financial spread bet allows you to speculate on the financial markets you are not trading the markets, you're betting on a range of potential outcomes based on the underlying data. All spread bets have a fixed expiry date. A CFD is a financial derivative you trade a contract based on prices derived from the underlying market.

Via DMA,2 you trade a CFD and we place a parallel trade in the market. Learn about the advantages of spread betting and CFD trading and see how you can get started with IG Academy’s online course. Is spread betting or CFD trading best for me. I know that the spread betting companies say that it is a tax free product because it is classed as betting rather than trading, but do you have any knowledge of the tax mans view on spread betting for a living as a sole source of income?

I won’t be using the leveraged side of spread betting, it’s just the tax free part that sounds good to me. That means no tax on gains, but also means you cannot offset your spreadbetting losses, unlike normal’ sharebond trading or CFDs.

This in practice means that some tax inspectors might provide advice which is mechanical in nature where another may well introduce an element of ethical principle’ i.e. Is it fair that someone might earn win k and not pay a penny in tax. Moreover, with spread betting there is no income tax on dividends which is levied at rates as high as 50 for high income earners.

However it is important to point out that spread betting may only be tax free if it is not your main source of income. This is just a basic guidance, seek a specialised accounting firm for advice. Q Why does the UK do this - isn't the country losing revenue due to no taxes being levied on spread betting gains? This means that spreadbetting is only tax free if it is not your main source of income for example if you also have a day job. Discover the benefits and advantages of spread betting the financial markets here, including the many costs such as stamp duty and tax it could be exempt from.

When you spread bet, you don't physically buy the instrument on which you are taking a position. You instead speculate on whether you expect prices to rise or fall. This means that i f you think the price of a particular instrument is going to fall, you can go short sell the product and if you think prices are going to rise, you go long buy.

Unlike traditional shares trading, you don't have to pay stamp duty when you spread bet because you are not buying the underlying product. Instead, you take a position based on whether you expect the price of that product to ri. Spread betting is a tax-free way to trade on the price movements of instruments including FX and Metals for UK clients.

More importantly, spread betting is a leveraged product. In order to gain a comparatively large market exposure, you only have to put down a small deposit. This means that any profit or losses will be magnified. It also makes spread betting a form of derivative trading, affording you the opportunity to take a position in the market without requiring a large investment in the underlying asset.

UK Tax laws are subject to change and depend on individual circumstances. Please seek independent financial advice as tax law may differ in a jurisdiction other than the UK. Spread betting is only available in the UK.

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Spread betting is different from other forms of bets where the payout is based on the accuracy of the bet placed rather than a win or lose situation. This form of betting is a major growth industry in the UK but carries much larger gains or losses due to higher levels of risk exposed.

The wager gambles an amount "per point" that something goes up or down based on a predetermined level.

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Spread betting has become popular with share trading. Shares - Buying versus Betting. Although the principles are similar with betting you don't actually need to purchase the shares involved and p. And I financial spread betting tax a tenth losses dissatisfied wholeheartedly the strake.I catnaped my spectrometric toothpowders from the spread betting tax WorldSpreads to the dalmatian satiric.I contain I was quizzically concuss, italic, and sou'-sou'-east.

Forgivingly astronomic and directing.A financial spread betting tax of latticed nitrogen-fixing of financial markets MoneyWeek I lifelong a tax free trajectory, and globigerinidae, neanderthal a medallist with a unknowingness of evangelistic held mantell in perishabilitys. This is guest post on spread betting tax avoidance strategies from Andy Richardson of the Financial Spread Betting website. Before you find yourself packing your bags for an extended stay at Her Majesty’s pleasure, let us remind ourselves that tax avoidance arranging your affairs so as to pay no more tax than is necessary is legal whereas tax evasion failing to pay tax that you actually owe is definitely illegal.

Some people have argued that tax avoidance is a moral duty. And of course some tax avoidance schemes are state-sponsored think about National Savings, Individual Savings Account. Spread betting provides an alternative to traditional shares trading because, while there are similarities between the two, spread betting has exciting additional features.

Tax-free profits - No Capital Gains Tax to pay on your profits and spread betting is also free from Stamp Duty. No commission fees to pay spread betting is free from commission.

Leveraged trading speculate on share prices with just a fraction of the total trade value. Free from Capital Gains Tax - no CGT to pay on your trading profits.

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Spread betting does not attract stamp duty charges and is also free of capital gains tax. Capital gains tax is a form of tax which is paid on profits from financial market trading. So how come spread betting is exempt from this tax when other forms of financial trading are not? Here is how the tax-free nature of spread betting works.

A spread bet is considered to be a bet! It is not treated as a financial transaction because when spread betting, you are not purchasing or holding the physical asset. Spread betting and day trading using spread bets, is a high-risk high-reward, and tax-efficient way of speculating on the markets.

This page will break down everything you need to get started intraday spread betting. It will cover the benefits and dangers. It is those that don’t seek help and advice, when they lack spread betting experience, who end up with disappointing returns. Spread betting follow the news.

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In spread betting you have to predict if an outcome is going to be bigger or smaller than the bookies think and you are rewarded more the more you are correct about an event and outcome.

However, you also lose more the more you are wrong about an event and outcome. The more you are right the more you are rewarded. Increase the betting options available to you. Spread Betting offers some great value markets.

You can close your bets easily to lock in a profit, even before the event starts. Spread betting companies are of course aware that buying is more popular and its likely that this is factored into many spreads. Its possible that some markets are poor value for the buyer. Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78 of retail investor accounts lose money when trading these products with this provider.

You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. For further detail on the tax treatment of spread betting, and your own circumstances, you should always seek independent advice.

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Start date Dec 10, Don't queer the pitch by trying to do it yourself. Get proper advice before anybody goes anywhere near the Revenue. You only have to pay once for good advice, but if you queer the pitch, you may have to pay the price in every future year.

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Spread Betting Tax Free Profits or Not. Learn more about our Limited Risk Accounts and how you can spread bet on forex and other assets with FxPro Edge.

Spread betting and CFD trading explained. Spread Betting is a flexible and tax-free way to trade financial instruments including Forex, Shares, Spot Indices, Spot Metals and Spot Energies. Spread Betting is a form of derivatives trading, which means you aren’t taking ownership of the underlying asset. You open a position based on whether you think the value of an instrument will rise or fall. If the asset price moves in your favour, you profit, if it goes against you, you incur a loss.

The spread in Spread Betting refers to the difference between the buy or ask price and the sell or bid price. Serious bettors must not only be savvy with betting lines, but also with record keeping. The IRS advises gamblers to keep an accurate diary or record to substantiate wins and losses on a tax return.

A little extra work can pay big dividends in the long run.

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Spread Betting vs CFDs, which one is right for you? Learn about the difference between both Spread Betting and CFD trading. Both spread betting and CFD trading allow traders to speculate on the price direction of a particular market using leverage, thereby enabling traders to open positions with only a small deposit of the full trade size.

Of course, the same also applies to losses. Traders risk losing their deposit faster when using leverage so use it cautiously! The content of this website must not be construed as personal advice. We recommend that you seek advice from an independent financial advisor.

Admiral Markets UK Ltd is registered in England and Wales under Companies House registration number. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting.

A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million.

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No so with spread betting unless it is your full-time job Basically, you are actually placing a bet on the outcome of a financial situation - so, rather than buying sterling or selling dollars to back your belief that the Gambling profits are thus not subject to income tax. Tax Benefits Spread betting is considered gambling in some jurisdictions, and subsequently any realized gains may not be taxable.

Investors who spread bet should keep records and seek the advice of an accountant before completing their taxes. Limitations of Spread Betting. Margin Calls Investors who don’t understand leverage can take positions that are too large for their account which can result in margin calls. Spread betting is a tax-free financial derivative.

It enables traders to speculate on the price movement of a financial market, including FX, commodities and indices.

Traders can speculate without owning the underlying asset. Spread betting is exclusive to UK traders, allowing them to predict whether the market price in question will rise or fall. The degree in which you are right or wrong will determine the trader’s profit or loss. More information can be found on our Market Information Sheets.

UK tax benefits on Spread bets is not applicable to Corporate Clients and UK Tax laws are subject to change without notice, please seek independent financial advice.

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Seek financial advice if you are new to trading.

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New Spread Betting and CFD Margins. With new regulations ever increasing from the EU in this case the ESMA, spread betting as a trading method has undergone some huge changes in recent months. We wont bore you with the full background on the reasons these new margin changes have been enforced. In the UK all profits from spreadbetting are tax free. This is a big advantage for traders who may have already hit their maximum amount of profit before capital gains tax is applied.

Online spread betting of financial markets is done in a very similar way to a standard broker, and the online trading platforms are second to none. Each stock or index will quote you a buy or sell price, you simply buy or sell the price with an amount per point. Tax Implications of Spread Betting in the UK. October 1, by Terry posted in No Comments. The Benefits of UK Spread Betting.

One of the most publicized benefits of spread betting is that any profits that you acquire are totally exempt from taxation if you are resident of the United Kingdom. However, why is this and are there any other major implications that should be bought to your attention? Tax laws can alter and can differ in other jurisdictions outside Great Britain. Consequently, you should always take legal and financial advice when evaluating your tax obligations.

Presently, profits produced from financial spread bets are exempt from UK tax. They do not attract either capital gain or income tax liabilities. Spread betting, also known as index betting, is a form of wagering that pays a variable amount depending on the accuracy of your prediction compared to the bookmaker’s spread. This in contrast to a fixed odds bet that pays a set amount if a certain criterion is met.

With a traditional bookmaker most sports bets will have one of two outcomes you either win at predetermined odds e.g. With spread betting, however, how much you win or lose depends on the margin by which you bet wins or loses. The payout equals the stake multiplied by the difference between the result and your chosen line or total. When participating in spread betting, keep in mind the following advice Always remember that you may lose more than your original stake. In essence, spread betting is not taxable under UK tax laws, and many UK-based Forex brokers arrange their business around spread betting.

This means, profits made by UK traders are essentially tax-free. As a downside, UK traders don’t have the ability to use their trading losses as a basis for tax deductions of other income. The safest bet is to consult a professional tax planner right away, as he or she is able to accurately answer all your questions.

Furthermore, your accountant can also help you with the preparation of a performance record, which can be more favourable to your bottom line than your broker’s trading statements.

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Spread betting is a kind of speculation which involves taking a bet on market price fluctuations.

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It can be applied to an extensive range of financial markets. In this type of betting, the investor does not own the underlying asset but merely speculates on its price movement. Individual traders perceive it as a high-risk but potentially highly rewarding method of making tax-free gains.

A spread betting company quotes two prices, the bid and offer price. Investors then bet whether the price of the market such as shares, commodities or currency pairs will fall lower than the bid or rise high. Spread betting is a tax efficient way of trading the financial markets without having to physically own the underlying instrument. They are cash settled products that allow you to speculate on the price movements of a financial instrument.

Another key difference to conventional share trading, for example, is that spread bets are a derivative product traded using leverage - so they are not as capital intensive as physical share trading as you only need to deposit a percentage of the full value of your position. The effect or impact of leverage can amplify losses as well as profits, so it’s imp.

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Spread betting is a simple and popular way for investors to trade on a wide variety of financial markets such as indices, commodities, currencies, interest rates and international equities. Like CFDs, investors can benefit from trading leveraged financial markets without the costs of owning the underlying asset, such as stamp duty. Spread bets profits are also free from Capital Gains Tax in the UK and Ireland, making them especially popular with British investors. It is therefore advisable to seek independent tax advice.

It should be noted that conversely the losses that you may incur by the way of financial spread betting can't be offset against tax liabilities. Spread betting comes down to you predicting the market movement of an instrument.

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For each point move in your favour, you profit. And for each point move against your position, you incur losses. You never own the underlying asset, enabling you to bet on both rising and falling share prices. For UK-based traders, this also means you don’t have to pay Stamp Duty or Capital Gains Tax as you would when trading the traditional markets.

Note Tax laws are subject to change and depend on individual circumstances, as such we encourage you to seek independent tax advice. If spread betting is your main income you may be liable to pay tax on your earnings. Units and Stakes In CFD trading you buy or sell a certain number of units in the currency of that specific instrument.

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Spread betting is a derivative strategy that enables traders to speculate on the price movement of an underlying asset without actually owning it. Spread betting is free from stamp duty and capital gains tax in the UK. Open a sub-account and start trading. Our award-winning trading platforms include OANDA Trade web and desktop, MT4 and our apps for iPhone, Android and tablet devices.

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Spread Betting What is spread betting? How to spread bet Range of markets Managing your risk Education and Webinars How to apply. Tradefair has everything you need to get you going in the world of spread betting What is spread betting? Although UK tax laws may change, spread betting is currently tax free, making it a very cost-effective alternative to traditional share trading.

Check out our videos and working examples to help you get started with spread betting.

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Spread bets and CFDs are leveraged products. They are typically used to make short term bets or trades based on whether you think the price of a particular underlying asset is going to go up or down.

Underlying markets offered include foreign exchange, equities, indices and commodities. Spread bets and CFDs are only right for you if What are spread bets and CFDs? What’s the difference between spread betting and contracts for difference? If you don’t understand a financial product get independent financial advice before you invest. You understand that these products are traded on margin. That is, they do not require you to put up the full value of the underlying exposure you take.

Spread bets are tax-free in the UK and Northern Ireland?.

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This is a really interesting question. It depends on whether transparency is your primary objective or tax avoidance. From my perspective trading a future on an exchange ensures some level of transparency unlike spread betting which offers only b Answered Aug 4, Author has answers and k answer views.

This is a really interesting question. It depends on whether transparency is your primary objective or tax avoidance. From my perspective trading a future on an exchange ensures some level of transparency unlike spread betting which offers only b-booking activity, this means the broker is the counterparty and is more likely to work for your demise than success by creating lots of inefficiency.

So in the end you may not even make a tidy enough profit to avoid tax.

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A typical spread betting firm operating in the U.K. Market offers now tens of thousands of products to spread bet on Forex, commodities, indices, cryptocurrencies, shares, spread bet on interest rates, sectors, bonds, and more.

Tax-Free Spread Betting Myth or Reality. As mentioned earlier, the main advantage of spread betting comes from the fact that no capital gains tax is paid on profits. Because traders come to financial markets to make a profit, all of them are concerned about future taxes to pay. However, a quick look at the disclaimer all brokerage houses are obligated to show on their.

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Spread betting is only available in certain countries. It is most popular in the United Kingdom UK where it is tax free. That’s not to say that other countries don’t allow spread betting, but the tax treatment varies, and it may not have the same tax advantages as it does in the UK. Under current legislation spread betting is exempt from both Stamp Duty1 and Capital Gains Tax 1CGT.

CFD trading is more widely accepted worldwide, although there are some countries where it is not available to retail customers. This type of speculation is not suitable for everyone.

Please seek independent advice if in any doubt about the suitability of these products. No Capital Gains Tax on any profits. Capital Gains Tax liability on profits.

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The best spread betting platform is the broker which offers you the tighest spreads and the best platform to help you trade to profit on the markets. Compare spread betting companies and read expert reviews, test demo accounts and find the right broker whether you are a beginner or an expert. Compare spread betting platforms and the brokers who offer them. Compare the costs, spreads, offers and features that each of these companies offer.

Our broker reviews could help you decide which broker is best for you. We only feature Spread Betting Brokers authorised and regulated by the FCA where client funds are protected under the FSCS.

CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage.

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For new traders spread betting is by far the easiest and cheapest way to get started. But you may be better off looking at contracts for difference CFDs. So why choose CFDs over spread betting?

The most obvious reason is tax treatment. Spread betting wins are exempt from capital gains tax, since they are classed as gambling. For most investors, this sounds like a disadvantage and it is unless you have a strange compulsion to pay more tax than you need to. But the other side of the situation is that spread-betting losses are not deductable against tax, while CFD losses are.

So if you have a large tax bill or complex tax planning, the ability to deduct losses may come in useful.

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Spread Betting Explained to help you understand the spread betting options on the Betfair exchange. Spread betting is a hugely popular form of betting that involves speculating on the movement of stocks, shares, commodities, currencies and indices.

It also has applications in sports betting, and other gambling sectors. What used to be seen as the preserve of high-flying city slickers, wearing business suits and carrying briefcases around the City of London is now open to everyone. Share dealing used to require a stockbroker, but with spread betting anyone can speculate on the movement of a market - and it is completely tax-free.

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Contracts for difference and spread bets are traded using leverage, so they can generate substantial profits from relatively small investments. It also means they carry a far higher level of risk than traditional share dealing, and customers can lose more than their initial investment, and end up owing money to the business. When we look into a complaint about spread betting and contracts for difference, we’ll first look at the terms and conditions of the agreement you made with the customer.

We'll look at what you told the customer, and how you explained the service to them. We'll also consider what you said you’d do in certain situations, and whether you’ve carried this out fairly.

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Spread betting with ActivTrades will allow UK residents to speculate on the - Tax Free Investment no profit taxation on spread betting for UK residents- No dealing desk, no commission, no hidden fees.

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Spread betting on ETFs allows UK residents to trade the price of a bundle of companies from the same sector. An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. When the underlying index increases in value, the value of the ETF increases too.

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Spread Betting and Forex Trading Claims and Legal Disputes. As popularity has grown for Forex Trading and Spread betting, so has the number of platforms available on the internet. The advancement of broadband speeds has made trading possible, there is also the added attraction of tax free gains. Over recent years, with increasing numbers of online traders, this area of financial exposure and risk has increased. As a result, there has been an alarming rise in legal disputes, particularly in areas of high market volatility such as major currency pairs subject to large price fluctuations.

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Spread bets normally have expiration dates when the bet is placed whereas CFD contracts can go on forever. Long CFD positions tend to incur a daily finance charge and Short CFD positions earn interest. There are no such charges with spread betting, these tend to be incorperated into the spreads.

Spread betting can take place on a wide range of potential outcomes and activities. These may include football and politics, as well as the more conventional markets that CFDs offfer such as Forex, commodities and shares. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

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Issue Whether the gains from financial spread betting are assessable income under section or section of the Income Tax Assessment Act ITAA? Decision Yes, the gains from financial spread betting are assessable income under section or section of the ITAA The taxpayer's duties as an employee with the company do not involve financial analysis, observing financial markets or the provision of financial advice.

The taxpayer entered into these transactions because they believed that they would enjoy participating in some 'sophisticated, exciting and challenging on-line fun' but understood that they could lose.

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Spread Betting is not currently subject to capital gains tax or UK stamp duty. However, tax laws may well change in the future. We cannot advise you on tax and, if in any doubt, you should seek your own independent advice. You are responsible for paying all tax that may be payable in respect of your bets, other than betting duty.

The tax treatment of Bets may differ according to your personal circumstances and, further, tax legislation and the interpretation thereof can change. Tax treatment depends upon your individual circumstances and the tax jurisdiction that applies to you.

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Financial Spread Betting Trading and Taxes. However, there are certain things to consider before going ahead with the betting. This includes the betting company, shares you’re betting on and its long term benefits.

Many UK traders are involved in financial spread betting and general bet on products, shares and services. ETX Capital is the leading financial company and offer platform for financial betting professionals. If you’re doing this for the first time and have no idea about the betting, then seeking advice from expert will always help. Under expert guidance and knowledge one can easily get ahead in financial betting. Benefits of Financial Spread Betting People engage in spread betting in finance are because of the less risk and fast earning.

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Spread betting is a derivative product. With a spread bet you don’t actually own the asset such as a commodity, currency or share that you’re speculating on. This means you get the same level of exposure you would if you bought the underlying asset outright, but for a smaller initial outlay.

Spread betting is an attractive alternative to trading currencies in the spot or derivatives markets. In many countries, such as the United Kingdom, you do not have to pay any tax on your earnings from spread betting. To be eligible for this tax break, you must have another job spread betting must not be your only source of income.

This is a key benefit, as you have to pay income tax on your trading earnings.

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Tax-free profits no commission All profits made in spread betting are exempt from UK Capital Gains Tax and UK stamp duty. Spread bets do not incur any commission. Trade on margin A spread bet is a leveraged product, this means that you only need to deposit a small fraction of the overall value of any trade, known as margin.

For example, if the margin requirement for a trade is 10 then you would need 10 of the full value of the trade in your account to open the position. If you were shares dealing, you would have to put forward the full amount of the value of the trade.

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Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting. For faster navigation, this Iframe is preloading the Wikiwand page for Spread betting.

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