{"id":120,"date":"2016-06-24T20:06:14","date_gmt":"2016-06-24T11:06:14","guid":{"rendered":"http:\/\/finance-gfp.com\/?page_id=120"},"modified":"2025-09-08T07:12:46","modified_gmt":"2025-09-07T22:12:46","slug":"creditlink","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=120","title":{"rendered":"\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u3010\u4ed5\u7d44\u307f\u30fb\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3011"},"content":{"rendered":"\n<p><span 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class=\"rmarker-s\">CDS\u53c2\u7167\u4f01\u696d\uff1a\u795e\u6238\u88fd\u92fc\u6240<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30c7\u30d5\u30a9\u30eb\u30c8\u30fb\u30b9\u30ef\u30c3\u30d7\uff08CDS\uff09\u3092\u4f7f\u3063\u3066\u53c2\u7167\u4f01\u696d\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u3092\u53d6\u308b\u3053\u3068\u3067\u9ad8\u3044\u5229\u56de\u308a\u3092\u5f97\u3089\u308c\u308b\u5546\u54c1\u3067\u3059\u3002<\/li>\n\n\n\n<li>\u57fa\u672c\u7684\u306b\u306f\u793e\u50b5\uff08SB)\u3068\u540c\u3058\u3088\u3046\u306a\u5546\u54c1\u3067\u3059\u304c\u3001\u4e0b\u8a18\u306e\u9055\u3044\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li><span class=\"ymarker-s\">\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u3068\u4e00\u822c\u793e\u50b5\u306e\u9055\u3044<\/span>\n<ul class=\"wp-block-list\">\n<li><span 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class=\"wp-block-heading\">CDS\uff08\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30c7\u30d5\u30a9\u30eb\u30c8\u30fb\u30b9\u30ef\u30c3\u30d7\uff09\u3068\u306f<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span class=\"ymarker-s\">CDS\u306f\u4f01\u696d\u306b\u5bfe\u3059\u308b\u4fe1\u7528\u4fdd\u967a\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002<\/span><\/li>\n\n\n\n<li>\u30d7\u30ed\u30c6\u30af\u30b7\u30e7\u30f3\uff08\u4fdd\u8a3c\uff09\u306e\u8cb7\u3044\u624b\u306f\u30d7\u30ec\u30df\u30a2\u30e0\uff08\u4fdd\u967a\u6599\uff09\u3092\u652f\u6255\u3046\u4ee3\u308f\u308a\u306b\u3001\u53c2\u7167\u4f01\u696d\u306b\u4fe1\u7528\u4e8b\u7531\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u3001\u4fdd\u967a\u91d1\u3092\u53d7\u3051\u53d6\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30d7\u30ed\u30c6\u30af\u30b7\u30e7\u30f3\uff08\u4fdd\u8a3c\uff09\u306e\u58f2\u308a\u624b\u306f\u305d\u306e\u9006\u3067\u3001\u4fdd\u967a\u6599\u3092\u53d7\u3051\u53d6\u308b\u4ee3\u308f\u308a\u306b\u53c2\u7167\u4f01\u696d\u306b\u4fe1\u7528\u4e8b\u7531\u304c\u767a\u751f\u3057\u305f\u5834\u5408\u306b\u306f\u4fdd\u967a\u91d1\u3092\u652f\u6255\u3046\u5fc5\u8981\u304c\u767a\u751f\u3057\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306e\u6295\u8cc7\u5bb6\u306f\u30d7\u30ed\u30c6\u30af\u30b7\u30e7\u30f3\u306e\u58f2\u308a\u624b\u306e\u7acb\u5834\u3068\u306a\u308a\u307e\u3059\u3002<br><figure><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"260\" class=\"alignnone size-full wp-image-4063\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_shikumi201711.png\" alt=\"\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u7d44\u6210\u30d5\u30ed\u30fc\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_shikumi201711.png 728w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_shikumi201711-300x107.png 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/figure><\/li>\n\n\n\n<li>CDS\u306e\u4fdd\u967a\u6599\u306f\u7d4c\u6e08\u7684\u306b\u306f\u4e00\u822c\u793e\u50b5\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u4e0a\u4e57\u305b\u91d1\u5229\uff09\u3068\u540c\u69d8\u306e\u52b9\u679c\u3068\u306a\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">CDS\u306e\u4fe1\u7528\u4e8b\u7531\uff08\u30af\u30ec\u30b8\u30c3\u30c8\u30a4\u30d9\u30f3\u30c8\uff09\u3068\u306f<\/h3>\n\n\n\n<ul 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src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_default2.png\" alt=\"\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30c7\u30d5\u30a9\u30eb\u30c8\u30fb\u30b9\u30ef\u30c3\u30d7\uff08CDS)\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u4e8b\u4f8b \" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_default2.png 866w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_default2-300x111.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_default2-768x283.png 768w\" sizes=\"auto, (max-width: 866px) 100vw, 866px\" \/><\/figure><\/li>\n\n\n\n<li><span class=\"rmarker-s\">\u4e0a\u8a18\u306e\u30a2\u30a4\u30d5\u30eb\u306fISDA\uff08\u56fd\u969b\u30b9\u30ef\u30c3\u30d7\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u5354\u4f1a\uff09\u306b\u3088\u308b\u65e5\u672c\u3067\u306f\u3058\u3081\u3066\u306e\u5165\u672d\u4f8b\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u793e\u50b5\u306f\u671f\u9650\u306e\u5ef6\u9577\u7b49\u306e\u6761\u4ef6\u5909\u66f4\u304c\u884c\u308f\u308c\u307e\u3057\u305f\u304c100\uff05\u56de\u53ce\u3055\u308c\u305f\u306e\u306b\u5bfe\u3057\u3001CDS\u306e\u56de\u53ce\u7387\u306f33.875\uff05\u3068\u4f4e\u6c34\u6e96\u3068\u306a\u308a\u307e\u3057\u305f\u3002\u30a2\u30a4\u30d5\u30eb\u306e\u3088\u3046\u306a\u300c\u30ea\u30b9\u30c8\u30e9\u30af\u30c1\u30e3\u30ea\u30f3\u30b0\u300d\u306e\u5834\u5408\u3001\u666e\u901a\u793e\u50b5\u304c\u6bc0\u640d\u3057\u306a\u3044\u306b\u3082\u95a2\u308f\u3089\u305a\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306f\u5927\u304d\u304f\u6bc0\u640d\u3059\u308b\u30b1\u30fc\u30b9\u3082\u3042\u308b\u306e\u3067\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/li>\n\n\n\n<li>\u65e5\u672c\u4f01\u696d\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u4e00\u89a7\u306f\u3053\u3061\u3089\u3082\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=16382\" target=\"_blank\" rel=\"noopener\">\u65e5\u672c\u306b\u304a\u3051\u308b\u793e\u50b5\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u4e8b\u4f8b\u4e00\u89a7<\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">CDS\u306e\u63a8\u79fb\uff08\u795e\u6238\u88fd\u92fc\u6240\u306e\u4f8b\uff09<\/h3>\n\n\n\n<p>\u4e0b\u8a18\u306f\u795e\u6238\u88fd\u92fc\u6240\u306eCDS\u306e\u5b9f\u969b\u306e\u52d5\u304d\u3067\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"589\" height=\"407\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_cds_chart201803.png\" alt=\"\u795e\u6238\u88fd\u92fc\u6240CDS\u30c1\u30e3\u30fc\u30c8\" class=\"wp-image-5074\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_cds_chart201803.png 589w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/06\/creditlink_cds_chart201803-300x207.png 300w\" sizes=\"auto, (max-width: 589px) 100vw, 589px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e0a\u8a18\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306e\u767a\u884c\u4e8b\u4f8b\u306e\u767a\u52b9\u65e5\u3067\u3042\u308b2010\/12\/13\u306e\u795e\u6238\u88fd\u92fc\u6240\u306eCDS\u30b9\u30d7\u30ec\u30c3\u30c9\u306f85bps \uff080.85%\uff09\u524d\u5f8c\u3067\u3057\u305f\u3002<\/li>\n\n\n\n<li>\u4e0a\u8a18\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306e\u4e0a\u4e57\u305b\u91d1\u5229\uff08\u30b9\u30d7\u30ec\u30c3\u30c9\uff09\u306f\u5909\u52d5\u3082\u56fa\u5b9a\u3082\u7d040.5%\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u767a\u884c\u4f53\u3067\u3042\u308b\u4e09\u83f1UFJ\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u8a3c\u5238\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9\u306f0.1%\u7a0b\u5ea6\u3068\u8003\u3048\u3089\u308c\u308b\u3053\u3068\u304b\u3089\u30010.85%\uff0d0.5%+0.1\uff05=0.45%\u90e8\u5206\u304c\u767a\u884c\u30b3\u30b9\u30c8\uff08\u8a3c\u5238\u4f1a\u793e\u306e\u624b\u6570\u6599\u7b49\uff09\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u671f\u95935\u5e74\u3067\u3042\u308b\u305f\u30810.45%\u00d75\u5e74=2.25%\u304c\u30c8\u30fc\u30bf\u30eb\u306e\u767a\u884c\u30b3\u30b9\u30c8\uff08\u8a3c\u5238\u4f1a\u793e\u306e\u624b\u6570\u6599\u7b49\uff09\u3068\u306a\u3063\u3066\u3044\u308b\u8a08\u7b97\u3067\u3059\u3002\uff08\u5c11\u3057\u53d6\u308a\u904e\u304e\u3060\u3068\u611f\u3058\u307e\u3059\u304c\uff09<\/li>\n\n\n\n<li>\u4e0a\u8a18\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u308b\u3068\u3001\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u306e2008\u5e74\u3001\u56fd\u5185\u666f\u6c17\u4f4e\u8ff7\u306b\u4e2d\u56fd\u666f\u6c17\u6e1b\u901f\u61f8\u5ff5\u304c\u91cd\u306a\u3063\u305f2012\u5e74\u3001\u30c1\u30e3\u30a4\u30ca\u30b7\u30e7\u30c3\u30af\u5f8c\u306e2016\u5e74\u3001\u795e\u6238\u88fd\u92fc\u306e\u54c1\u8cea\u30c7\u30fc\u30bf\u6539\u3056\u3093\u554f\u984c\u304c\u660e\u308b\u307f\u306b\u306a\u3063\u305f2017\u5e74\u306fCDS\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u3042\u307e\u308a\u306b\u3082\u5909\u52d5\u304c\u6fc0\u3057\u3044\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306f\u7d44\u6210\u3067\u304d\u306a\u3044\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u30ef\u30a4\u30c9\u30cb\u30f3\u30b0\u3057\u305f\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u7d44\u6210\u3059\u308b\u3068\u6761\u4ef6\u306e\u826f\u3044\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u304c\u7d44\u6210\u3067\u304d\u307e\u3059\u3002\uff08\u3082\u3061\u308d\u3093\u30c7\u30d5\u30a9\u30eb\u30c8\u3057\u306a\u3044\u3088\u3046\u306a\u9298\u67c4\u3067\u3042\u308b\u3053\u3068\u304c\u524d\u63d0\uff09<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u4f01\u696d\u5411\u3051\u30af\u30ec\u30b8\u30c3\u30c8\u4ee5\u5916\u3067\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u304c\u7d44\u6210\u3055\u308c\u308b\u4f8b\uff08\u30a4\u30bf\u30ea\u30a2\u30fb\u30b9\u30da\u30a4\u30f3\u306a\u3069\uff09<\/h2>\n\n\n\n<p>\u30a4\u30bf\u30ea\u30a2\u3084\u30b9\u30da\u30a4\u30f3\u306f\u6570\u5e74\u306b1\u5ea6\u3001\u4f55\u3089\u304b\u306e\u554f\u984c\u304c\u767a\u751f\u3057\u3066\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308a\u3001\u56fd\u50b5\u304c\u58f2\u3089\u308c\u5229\u56de\u308a\u304c\u4e0a\u6607\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u30a4\u30bf\u30ea\u30a2\u30fb\u30b9\u30da\u30a4\u30f3\u306f\u30e6\u30fc\u30ed\u5708\u7b2c3\u4f4d\u30fb4\u4f4d\u306e\u7d4c\u6e08\u898f\u6a21\u3092\u8a87\u308a\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u3059\u308b\u30ea\u30b9\u30af\u306f\u305d\u308c\u307b\u3069\u9ad8\u3044\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<p>\u3088\u3063\u3066\u3001\u30a4\u30bf\u30ea\u30a2\u56fd\u50b5\u30fb\u30b9\u30da\u30a4\u30f3\u56fd\u50b5\u306e\u8cfc\u5165\u3092\u691c\u8a0e\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u3053\u308c\u3089\u306e\u56fd\u50b5\u306f\u5927\u534a\u304c\u30e6\u30fc\u30ed\u5efa\u3066\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u65e5\u672c\u4eba\u306e\u5834\u5408\u3001\u30e6\u30fc\u30ed\u5efa\u3066\u6295\u8cc7\u306e\u30cb\u30fc\u30ba\u306f\u305d\u308c\u7a0b\u9ad8\u304f\u306a\u304f\u300c\u5186\u5efa\u3066\u304b\u30c9\u30eb\u5efa\u3066\u3067\u3042\u308c\u3070\u6295\u8cc7\u3057\u305f\u3044\u300d\u3068\u3044\u3063\u305f\u30cb\u30fc\u30ba\u304c\u591a\u304f\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u30cb\u30fc\u30ba\u306b\u5fdc\u3048\u308b\u70ba\u306b\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u3092\u6d3b\u7528\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u5186\u5efa\u3066\u3084\u30c9\u30eb\u5efa\u3066\u3067\u30a4\u30bf\u30ea\u30a2\u30fb\u30b9\u30da\u30a4\u30f3\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u4eab\u53d7\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p><span class=\"ymarker-s\">\u30dd\u30a4\u30f3\u30c8\u306f\u300c\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u898b\u3066\u6295\u8cc7\u3067\u304d\u308b\u70b9\u300d\u3068\u300c\u901a\u8ca8\u3092\u9078\u3079\u308b\u70b9\u300d\u3067\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u3053\u306e\u30a4\u30bf\u30ea\u30a2\u30fb\u30b9\u30da\u30a4\u30f3\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306f\u5b9a\u671f\u7684\u306b\u6d3b\u7528\u3067\u304d\u308b\u30bf\u30a4\u30df\u30f3\u30b0\u304c\u304f\u308b\u306e\u3067\u899a\u3048\u3066\u304a\u3044\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4e3b\u8981\u56fd\u306eCDS\u63a8\u79fb\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=6447\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e3b\u8981\u56fd\u306eCDS\u63a8\u79fb\uff08\u30c1\u30e3\u30fc\u30c8\u3068\u89e3\u8aac\uff09<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30f3\u30af\u50b5\u306e\u826f\u3044\u70b9\uff08\u30e1\u30ea\u30c3\u30c8\uff09<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u793e\u50b5\u3088\u308a\u3082\u9ad8\u3044\u5229\u56de\u308a<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u793e\u50b5\u306b\u6bd4\u3079\u3066\u3001\u53c2\u7167CDS\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u306b\u50b5\u5238\u767a\u884c\u4f1a\u793e\uff08\u901a\u5e38\u91d1\u878d\u6a5f\u95a2\uff09\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u304c\u4e0a\u4e57\u305b\u3055\u308c\u308b\u306e\u3067\u3001\u540c\u3058\u4f01\u696d\u306e\u793e\u50b5\uff08SB)\u3088\u308a\u3082\u5229\u56de\u308a\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n\n\n\n<li>\u4e0a\u8a18\u306e\u4f8b\u3067\u306f\u795e\u6238\u88fd\u92fc\u6240\u306e\u793e\u50b5\uff08SB\uff09\u3088\u308a\u3001\u4e09\u83f1UFJ\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u8a3c\u5238\u306e\u30af\u30ec\u30b8\u30c3\u30c8\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u4e0a\u4e57\u305b\u3055\u308c\u308b\u305f\u3081\u5229\u56de\u308a\u304c\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u6a5f\u52d5\u7684\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u7d44\u6210\u53ef\u80fd<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u6a5f\u52d5\u7684\u306a\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u7d44\u6210\u304c\u53ef\u80fd\u3067\u3059<\/li>\n\n\n\n<li>\u793e\u50b5\uff08SB\uff09\u304c\u767a\u884c\u3055\u308c\u306a\u3044\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u3082\u540c\u69d8\u306e\u7d4c\u6e08\u52b9\u679c\u3092\u4eab\u53d7\u3067\u304d\u307e\u3059<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">\u767a\u884c\u901a\u8ca8\u3092\u9078\u629e\u3067\u304d\u308b<\/h3>\n\n\n\n<ul 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