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Contents

 

North American actuarial examinations (SOA/CAS)

·         where to sit SOA/CAS examinations

·         steps SOA/CAS exam application procedure

·         description of the SOA/CAS subjects

      Actuarial examinations of the UK Institute of Actuaries

·         where to sit examinations of the UK Institute of Actuaries in Ukraine

·         steps of application procedure for admission to the UK Institute of Actuaries

·         description of the Actuarial Techniques Subjects of the UK Institute of Actuaries

      Actuarial exam training courses for sitting examinations of the UK Institute of Actuaries

·         where to take the actuarial exam training courses

·         schedule of the future actuarial exam training courses at the Centre

      Actuarial research workshops at the Centre presented by the international partners

·         schedule of future actuarial research workshops at the Centre

                                                            

 

 

 

North American actuarial examinations of the

 Society of Actuaries (SOA) and Casualty Actuarial Society (CAS)

 

 

Where to sit SOA/CAS examinations?

 

All Ukrainian candidates have a great opportunity to sit their SOA/CAS examinations in Lviv (Ukraine) at the Actuarial Education and Reference Centre:

 

Actuarial Education & Reference Centre (Lviv)
International Institute of Education and Culture,
National University “Lviv Polytechnic”
32-D Stepana Bandery str.,
LVIV 79013, UKRAINE

Tel: 380-32-2580161
Tel/Fax: 380-32-2580151
E-mail:
n.kravchuk@lviv-actuaries.org

Homepage: http://www.lviv-actuaries.org

 

Dr Nataliya KRAVCHUK (coordinator of the Centre) is considered to be a potential candidate for the position of a supervisor of the SOA/CAS exam site in Ukraine. According to the SOA/CAS exams application procedure each candidate willing to sit SOA/CAS exam(s) should first contact SOA or CAS to arrange and approve his/her exams supervisor (more details are provided in the following paragraph). 

 

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Steps of SOA/CAS exams application procedure

 

Arrangement of exams supervisor. All Ukrainian candidates have to contact

 

a) SOA examinations coordinator Ms Jane LESCH by e-mail jlesch@soa.org, or

b) CAS examinations coordinator Mr Bob CRAVER by e-mail bcraver@casact.org

 

 

for a Supervisor’s form to locate the services of a supervisor and examination facilities acceptable to the SOA/CAS.  When the services of a supervisor are secured, please have the person, which is potential candidate for a position of exams supervisor, complete the Supervisor's Form and return it to our office before the deadline: APRIL 1 for the Spring examinations and SEPTEMBER 24 for the Fall examinations. After the SOA has given its approval of the supervisor, the candidate's registration will proceed by submitting the application form for SOA/CAS actuarial exams.

 

Application form for actuarial exams. The application form for actuarial exams can be downloaded fro the web site of

SOA – click here

CAS – click here

 

Application form for actuarial exams has to be returned to SOA/CAS office before the deadline: APRIL 1 for the Spring examinations and SEPTEMBER 24 for the Fall examinations.

 

For Exams 1, 2, and 4, joint SOA/CAS Preliminary Actuarial Examinations will send each candidate a Ticket of Admission that indicates the examination(s) for which the candidate is registered. Tickets of Admission will be mailed beginning March 1 for the Spring session and September 1 for the Fall session. This Ticket of Admission must be brought to the examination centre and should be retained after the session is completed. A candidate who has not received a Ticket of Admission two weeks before the examination, or whose ticket contains incorrect information, should contact the Society of Actuaries or the Casualty Actuarial Society. The Ticket of Admission also serves as a receipt and should be retained if needed for tax purposes.

Fee Discount Program in Qualified Countries.  The CAS and SOA sponsor a program to provide financial relief to candidates of qualified countries. Eligible candidates must be current residents of a qualified country (Ukraine is qualified country) and verify that they are personally paying for exam fees and study materials without assistance from employers or other entities. Candidates must write their examinations within a qualified country. Application process is as following

·        Candidates must apply to this program before attempting to register for an examination. Applications and exam registration forms will not be accepted concurrently.

·        The candidate must complete the attached application and submit it to the Society of Actuaries. Applications must be submitted before registering for an examination(s). It is recommended that applications be submitted no later than March 1 for the May examination session or August 1 for the November examination session. Upon approval, candidates will be sent specially marked examination registration, study note and textbook order forms. These order forms will indicate the reduced fees and prices available to the approved applicant. It is important to note that approved candidates are requested to not distribute these forms to other candidates.

·        Applications are not accepted via e-mail. If you fax your application, please do not submit a duplicate via mail.

·        For subsequent examination sessions, candidates who previously received assistance, and who continue to meet the criteria, will receive specially marked forms by January 1 for the May examination administration/July 1 for the November examination administration. Candidates need only apply for assistance once.

Candidates or employers may direct questions related to

·        SOA exams to Leslie Fausher, Core Studies and Global Initiatives Administrator at the Society of Actuaries, lfausher@soa.org, 847·706·3547, phone or 847/273-8547, fax.

·        CAS exams to Thomas Downey, Manager of Admissions at the Casualty Actuarial Society, tdowney@casact.org; phone: 703/276-3100; or fax 703/276-3108.

Detailed application information, including a list of qualified countries, is available for download from the web sites of SOA and CAS.

Study Materials

·        Study notes for SOA Courses 1-6 (CAS Courses 1, 2 and 4) are available electronically at no cost to the candidate. For more information please click here (see Basic Education Catalog and Supplements).

·        Study notes for SOA Courses 7-8 will be available at reduced prices plus the cost of shipping. Please see www.soa.org.

·        Study notes for CAS Courses 3, 5-9 will be available at reduced prices plus the cost of shipping. Please see www.casact.org.

·        Textbooks published by the Society of Actuaries/Casualty Actuarial Society will be available at reduced prices plus the cost of shipping.

For more information about SOA/CAS exam and application important dates please:

 

·        click here to visit education page of the SOA web site

·        click here to visit education page of the CAS web site

 

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Description of the SOA/CAS subjects      

 

Below you can find description of all SOA/CAS subjects. Description of each subject is ended by the list of recommended reading materials. Part of actuarial literature mentioned here as the main and/or additional reading materials is available at the Actuarial Reference Library of the Education and Reference Centre in Lviv. (Please click on the subject to download PDF file).

 

SOA/CAS Course 1: Mathematical Foundations of Actuarial Science

SOA/CAS Course 2: Interest Theory, Economics and Finance

SOA Course 3: Actuarial Models

CAS Course 3: Actuarial Models

SOA/CAS Course 4: Actuarial Modeling

SOA Course 5: Application of Basic Actuarial Principles

CAS Course 5: Introduction to Property and Casualty Insurance and Ratemaking

SOA Course 6: Finance and Investments

CAS Course 6: Reserving, Insurance Accounting Principles, and Reinsurance

 

  

Actuarial examinations of the UK Institute of Actuaries

 

Where to sit examinations of the UK Institute of Actuaries?

 

All Ukrainian candidates have a great opportunity to sit their examinations of the UK Institute of Actuaries in the capital of Ukraine, Kiev.

 

The UK Institute of Actuaries Examination Centre has been established in Kiev in 2002 on the basis of the Taras Shevchenko National University.

 

Dr Alexander MATS is Supervisor of this Centre. He is responsible for arranging all necessary conditions for sitting examinations at the Centre required by the UK Institute of Actuaries.

 

The official address of the Centre is as follows

 

UK Institute of Actuaries Exam Centre (KIEV),

Probability and Statistics Department of the

Mechanics and Mathematics Faculty,

Taras Shevchenko National University

2 Prospect Glushkova,

Kiev 03680, UKRAINE

E-mail: mats@vk.kharkov.ua

 

Dr Nataliya KRAVCHUK is Local Representative of the UK Institute of Actuaries in Ukraine. Mrs Kravchuk has been appointed by the UK IoA for the purpose of advising students and those contemplating an actuarial career on matters in general in connection with the profession, particularly with regard to the education, tuition and examination activities, including special local arrangements.

 

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Steps of application procedure for admission to the

UK Institute of Actuaries and sitting examinations

 

Most entrants to the actuarial profession today have studied mathematically orientated subjects at a university before joining the profession. It is, however, possible to join with a good knowledge of mathematics to a higher school leaving stage. All UK Institute of Actuaries examinations are in English. Therefore, the knowledge of the English language is essential. If so, then

 

1)     Take the Application Form for Student Membership Reduced Rates and make sure you have completed it in full and enclosed copies of all supporting documentation, which are:

 

·        enclosed all educational certificates referred to in the application

·        provided an appropriate method of payment

·        signed and dated the declaration

·        provided the details of two suitable referees.

 

Important notice: Certificates in any language other then English must be accompanied by duly attested English translations.

 

And a professional person (not family member or friend) must sign photocopies of certificates as confirmation that they are true copies of the originals before they will be accepted.

 

2)  If you wish to start the examinations the Admission Officer in UK must receive this application, together with the necessary fee by the appropriate date. The examinations for all subjects are held in April and September. For instance, if you are going to start the examinations in April (September) 2005 your completed application for Student Membership must be received by 31 January (04 July) 2005.

 

3)     Completed applications should be returned to: 

Admission Team,

Institute of Actuaries, Napier House,

4 Worcester St., Oxford, OX1 2AW,

UNITED KINGDOM

 

Once you have been admitted as a Student of the UK Institute of Actuaries you will be sent personalised entry exams form for your further examinations. These forms are sent to all UK Institute of Actuaries students every year in June and December. Completed entry exams form must be received by the Registry of the Institute of Actuaries by the appropriate date. For instance, if you are going to start the examinations in April (September) 2005 your completed entry exams form must be received by 14 February (18 July) 2005. 

 

The Institute of Actuaries currently have a reduced rate policy for fees and subscriptions to help members and students in countries outside the UK with very low incomes (Ukraine is eligible country for reduced rate of fees). Current reduced fees are provided below. For more details about application procedure please visit UK Institute of Actuaries website

 

http://www.actuaries.org.uk

 

 

 

Reduced fees (UK pounds)

Full fees (for UK and EU citizens)

Entrance fee on

Becoming a student

(paid once in your life)

£46.50

£100.00

Student subscriptions

(annual fee)

£30.00

£150.00

 

 

 

Subject

Reduced fees (UK pounds)

Full fees (for UK and EU citizens)

CT stage (8 exams)

old 100 series

£

£160.00 per exam

CA stage (2 exam)

old 200 series

£

CA 1: £450.00

CA3: £195.00

ST stage (2 exams)

old 300 series

£

£225.00 per exam

SA stage (1 exam)

old 400 series

£

£225.00

 

 

For more information about IoA exam and application important dates please click here to visit education page of the IoA web site.

 

 

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Description of the Actuarial Techniques Subjects of the UK Institute of Actuaries      

 

Below you can find description of all 100 series subjects of the UK Institute of Actuaries. Description of each subject is ended by the list of recommended reading materials. Part of actuarial literature mentioned here as the main and/or additional reading materials is available at the Actuarial Reference Library of the Actuarial Education and Reference Centre in Lviv. (Please click on the subject to download PDF file).

 

 

SUBJECT 101: STATISTICAL MODELLING    

SUBJECT 102: FINANCIAL MATHEMATICS            

SUBJECT 103: STOCHASTIC MODELLING

SUBJECT 104: SURVIVAL MODELS

SUBJECT 105: ACTUARIAL MATHEMATICS 1 (LIFE INSURANCE)

SUBJECT 106: ACTUARIAL MATHEMATICS 2 (NON-LIFE INSURANCE)

SUBJECT 107: ECONOMICS

SUBJECT 108: FINANCE AND FINANCIAL REPORTING

SUBJECT 109: FINANCIAL ECONOMICS

 

 

2005 will see the introduction of a new structure for the actuarial examinations. For more information please visit:

 

                                                Institute of Actuaries, UK

                                                Bulletin “The Ukrainian Actuary”, Spring 2004

 

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Actuarial exam training courses for sitting examinations of

the UK Institute of Actuaries

 

Where to take the actuarial exam training courses?

It is known fact that most of the students of the UK Institute of Actuaries around the world take special actuarial tutorials/training courses before sitting their examinations.

In Ukraine actuarial students of the UK Institute of Actuaries have a great opportunity to take exam training courses at the Actuarial Education and Reference Centre in Lviv. The average duration of the exam training course is about 80 hours (10 days).  All exam training courses are taught either in Ukrainian, Russian or English by the competent lecturers of the Centre. Each exam training course comprises English Grammar Refresher (10 hours) which is taught by the instructor of English language specialising in English terminology of actuarial mathematics, insurance, finance and economics.

The Centre is responsible for arranging all essential conditions for effective studying such as well equipped auditorium at the National University “Lviv Polytechnic”, meals, accommodation for non-local students, excursions, etc. All actuarial students being registered for exam training course have also a good possibility to use all recourses of the Actuarial Reference Library during their studying at the Centre.

For more details about exam training courses and registration please contact acting administrative assistant of the Centre Mrs. Olena HAIDUCHOK by the following address

 

Education and Reference Centre in Lviv at the

International Institute of Education and Culture of the

Lviv Polytechnic National University

12 Prospect Svobody,

Lviv 79008, UKRAINE

Tel: 380-32-2580161
Tel/Fax: 380-32-2580151

E-mail: administration@lviv-actuaries.org

                         iiec@polynet.lviv.ua

 

 

 

 

Schedule of future exam-training courses at the Centre

 

 

        February 13-24, 2006 – CT4 Models

         Lecturer – Ass.Prof. Oleksandr Borysenko

                   (Kiev National University)

 

 

June, 2006 – CT6 Statistical Methods

                Lecturer – Dr. Yuriy Krvavych

     (Actuary, Hollard Insurance Company Pty Ltd, Sydney, Australia)

 

 

To participate in the exam-training course, please fill in and send us the registration form

 

 

 

 

 

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UK IoA exam pass lists

 

101 Statistical Modelling

 

Berehova Halyna (Institute of Banking, Lviv)

KORUD Olena (National UniversityLviv Polytechnic, Lviv)

MARKOVA Olena (Insurance companyUkrinmedstrakh”, Kiev)

RABOTNIKOV Andriy (Insurance companyTekom-Life”, Odesa)

VOKHMIN Volodymyr (Insurance companyTekom-Life”, Odesa)

 

102 Financial Mathematics

 

Androshchuk Maryna (Kiev National University of T. Shevchenko, Kiev)

Androshchuk Taras (Kiev National University of T. Shevchenko, Kiev)

Berehova Halyna (Institute of Banking, Lviv)

KORUD Olena (National UniversityLviv Polytechnic, Lviv)

MARKOVA Olena (Insurance companyUkrinmedstrakh”, Kiev)

RABOTNIKOV Andriy (Insurance companyTekom-Life”, Odesa)

VOKHMIN Volodymyr (Insurance companyTekom-Life”, Odesa)

Shevchuk Oleksandra (Lviv)

 

107 Economics

 

RABOTNIKOV Andriy (Insurance companyTekom-Life”, Odesa)

VOKHMIN Volodymyr (Insurance companyTekom-Life”, Odesa

 

 

Please click here to check complete IoA exam pass lists.

 

 

 

Actuarial research workshops at the Centre presented

by the international partners

 

One of the activities of the Centre is the collaboration with its international actuarial partners from Australia, Belgium, Poland, Japan, USA and the United Kingdom. This aims to organise the regular actuarial research workshops on modern research and practical topics of actuarial science and financial engineering. These workshops are addressed to researchers from universities and practitioners from insurance business, investments and banking.

 

 

Schedule of future actuarial research workshops at the Centre

 

 

July 25, 2005

 

Second Ukrainian Actuarial Workshop will be presented by:

 

 


Semen SPIVAK

 

 

Modern Actuarial Theoretical and Practical Aspects of

Life Insurance and Health Insurance

 

 

 

 

Brief information about lecturer:

Mr. Semyen Spivak received his Diploma in Mathematics from the Novosibirsk State University.  He worked in Institute of Catalysis of Siberian Branch USSR Academy of Science, Novosibirsk. In 1976 he defended a Ph.D. thesis (first degree) in Mathematical Modeling of Complex Chemical Reactions. In period 1976-1986 he worked in Researche Institute of Petrochemical Plants (Ufa), Senior Scientist. In 1985 he defended Sc. D. thesis (second degree) in Inverse Problems of Chemical Kinetics and Thermodynamics. Since 1986 he is a Professor of Maathematical Modeling in the Bashkir State University at Ufa, Russia. He is the Head of the Chair of Mathematical Modeling.  Since 1995 he is the Head of Bashkirian Branch of Russian Actuarial Society. Professor Spivak published many articles in leading journals.

 

Research interests: Mathematical modeling, Statistics, Mathematical Theory of Measurements, Inverse Problems, Optimization and Control Theory, Finance Mathematics, Actuarial Science.

 

To participate in the workshop, please fill in and send us the registration form

 

 

 

 

 

The First Ukrainian Actuarial Workshop already took place on

 

 

 

3-4 June 2004

 

http://workshops.lviv-actuaries.org/workshop-1

 

First Ukrainian Actuarial Workshop was presented by:

 

 

 

 

Emil Valdez

 

 

“Copula Modelling in Insurance and Finance”

 

Brief information about lecturer:

Dr Emil Valdez is a Fellow of the Society of Actuaries (USA), Fellow of the

Institute of Actuaries of Australia.

He is currently employed as Associate Professor at the School of

Actuarial Studies of the UNSW, Australia.  He worked in Singapore as

Assistant Professor in Actuarial Science at NTU for 3 years, did a PhD in

Business at the world-class University of Wisconsin-Madison (USA), and worked as an actuary in the United States for several years.

 

Research interests: copula modelling and dependencies; survival analysis, mortality investigations; application of financial economics in actuarial science; competing risk models.

 

 

 

 

Jan DHAENE

 

 

Capital requirements, risk measures and
optimal portfolio selection

 

 

 

 

 

Brief information about lecturer:

Jan Dhaene is Professor at the Actuarial Research Group of the Applied Economics Department of K.U.Leuven (Catholic University of Leuven, Belgium). He received his Ph.D. from K.U.Leuven, where he worked under the guidance of Prof. Dr. N. De Pril and Prof. Dr. M.J. Goovaerts. He has held visiting appointments at the U.I.A. and U.F.S.I.A. (University of Antwerp, Belgium), R.U.G. (University of Gent, Belgium), U.V.A. (University of Amsterdam, The Netherlands), Warsaw University (Poland) and the University of the Free State (Bloemfontein, South Africa). He has been teaching courses on life insurance, general insurance, actuarial models, ratemaking and financial mathematics. He has been member of several Ph.D. committees, at the universities of Leuven, Amsterdam and Barcelona. His main research interests are in computation of aggregate claims distributions, modeling dependencies in insurance portfolios and incorporating stochastic financial aspects in actuarial models. He has published over 60 scientific papers in refereed actuarial journals including Insurance: Mathematics & Economics; ASTIN Bulletin, North American Actuarial Journal and Journal of Risk and Insurance. Together with R. Kaas, M. Goovaerts and M. Denuit, he is co-author of the book “Modern Actuarial Risk Theory”, Kluwer, 2001. He is co-editor of BAB (Belgian Actuarial Bulletin) and Associate Editor of Insurance: Mathematics & Economics. He is member of the K.V.B.A. (Royal Society of Belgian Actuaries) and I.A.A. (International Actuarial Association) and belongs to various national and international academic and educational committees.  He is co-founder of VACS (Visual Actuarial Systems), a spin-off of K.U.Leuven that started its activities in 2000.

 

Research interests: modelling dependencies in insurance portfolios and incorporating stochastic financial aspects in actuarial models

 

 

 

 

Maciej sterzynski

 

“Capital Requirements by the Solvency Programs 1973-2007,

changes within the European supervision system”

 

 

 

Brief information about lecturer:

Mr Maciej Sterzynski is Chair of Insurance, The University of Economics

in Poznan, Poland and European Center for Advanced Research in Economics

and Statistics (ECARES) at the Université Libre de Bruxelles, Belgium.

He is currently completing his PhD in Economics. He did his Master in Law at

the Humboldt University in Berlin, Germany

 

Research interests: Insurance Economy and Insurance Law, European Insurance Supervision Structure, European Solvency Supervision, European Financial Market

 

 

 

 

 

 

In the future the Centre plans workshops that will be presented by:

 

 

 

Andrej KUDRYAVTSEV

 

 

Modern Actuarial Theoretical and Practical Topics of Life and Health Insurance”

 

 

 

Brief information about lecturer:

Mr. Andrey Kudryavtsev received his Ph.D. from St. Petersburg State University and worked at the same university first as an Assistant Professor, then as a Senior Teacher, and in 1999 was appointed as an Associate Professor of the Department of insurance, faculty of Economics, St. Petersburg State University. He teaches the following subjects: Mathematics of Insurance, Risk Management, Microeconomics, Mathematical Models of Economics Analysis. He has published over 61 scientific papers. He also published a number of textbooks: textbook in Life Tables (1996, 1998), textbooks in Life Insurance Mathema­tics (1999, 2003), monograph in Health Insurance (1997), and textbook in Health Insurance (2003).

Dr. Kudryavtsev is the Student Member of the Institute of Actuaries and Member of the Financial Management Association International.

 

Research interests: Mortality and Life Tables, Risk Management, Actuarial Mathematics, Life and Health Insurance, Health Care Economics

 

 

 

 

 

 

                                                           Robert BROWN

 

 

“Security for Social Security: Is Privatization the Answer?”

 

 

 

 

Brief information about lecturer:

Robert L. Brown is a Visiting Professor of Actuarial Science in the Department of Risk Management and Insurance at Georgia State University's Robinson College of Business. He is also a Professor of Statistics and Actuarial Science at the University of Waterloo in Ontario, Canada, where he has taught since 1971. Dr. Brown brings over 30 years of research, teaching, and practical actuarial experience to the Georgia State community. He is a fellow of both the Society of Actuaries (FSA) and the Canadian Institute of Actuaries (FCIA), and has been president of both organizations. He is also an associate member of the Casualty Actuarial Society (ACAS) and an honorary fellow of the British Institute of Actuaries (FIA). In 1999, he was appointed to the National Academy of Social Insurance, an organization comprised of approximately 500 of the top U.S. researchers and writers on the topic of Social Security.

Dr. Brown is an active researcher and writer on such topics as social/economic security programs and U.S./Canadian pension plans. His writings have appeared in quality journals (i.e., North American Actuarial Journal, Journal of Insurance Issues, Journal of Actuarial Practice, and the Canadian Journal on Aging), numerous textbooks, and in various reports the U.S. and Canadian governments. He holds Master of Arts (gerontology) and Bachelor of Mathematics (Honors) degrees from the University of Waterloo as well as a Ph.D. degree (gerontology) from Simon Frasier University.

Research interests: financing of Social Security in times of rapidly changing Demographics.

 

 

 

 

                                                           Leslie LOHMANN

 

 
 
The Impact of Retirement Plans on the Economies 
of Employees, Employers and Society

 

 

Brief information about lecturer:

Mr. Lohmann has been providing pension actuarial advice in Tokyo since 1990. Originally brought to Japan as the Senior Actuary of Towers Perrin (TPF&C) in Japan, Mr. Lohmann began his private practice in 1991. Since that beginning, Lohmann International Associates has served major international organizations primarily in matters dealing with their Japanese Pension plans.

Mr. Lohmann has served organizations from Australia, Canada, Finland France, Germany, Japan, Singapore, Switzerland, the U.K. and the U.S. He is Fellow of the Society of Actuaries (USA), Fellow of Canadian Institute of Actuaries, Fellow of the Conference of Consulting Actuaries, and Member of the American Academy of Actuaries.

 

Research interests: pension/retirement allowance plan analysis, design and funding, compensation analysis, general actuarial consultancy.

 

 

 

 

Zinoviy Landsman

 

 

Modern Credibility Theory and its applications in 
practical actuarial risk analysis

 

 

 

 

Brief information about lecturer:

Dr. Zinoviy Landsman is Professor at the School of Statistics of University of Haifa (Actuarial Research Centre), Haifa, Israel

 

Research interests: Statistical inference, Asymptotic estimation theory, Statistics on manifolds, Goodness-of-fit techniques, Nonparametric statistics, Credibility theory, Risk theory. 

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