Q Let me do that point, like, one, one big question, especially around P to P initially was, ah, what happens when, ah, interest rates finally go back up? Ah, what's, what's the latest thinking from, from you guys on that?
A So, um, yeah, as far as we're concerned then, we, we don't think we're rate sensitive at all. Um, most, um, credit cards, since, since the Card Act, most credit cards are priced at prime plus, so they automatically adjust up when interest rates go up. Um, so in that, in that scenario, um, we'll most likely increase our own interest rates as well, so we'll continue to deliver as much value compared to credit card to, uh, to the borrowers, uh, but we'll return a higher return to investors At that time, investors would have, um, sort of other fixed income, fixed income opportunities that also generate a higher return, but our, our sort of spread over the risk-free, ah, rate would continue to be the same. So all these rates move, ah, essentially in, in parallel.
AI assessment note: “we don't think we're rate sensitive at all”