Huw Van Steenis – Morgan Stanley
Thank you very much.
Operator
The next question is from Mr. Derek de Vries, Banc of America. Please go ahead, sir.
Derek de Vries – BofA Merrill Lynch
Hi, good morning.
John Cryan
Hi, Derek.
Derek de Vries – BofA Merrill Lynch
Hi. I just had a couple, a number of questions for you. I think you’ve quantified the positive impact of monoline spreads on the fixed income revenues and I just missed that number, so if you could repeat that? And then I guess there’s some offsetting negatives on the FICC number, if you could give us some of those, would be helpful?
And then, going back to risk–weighted assets again, you sort of say the 37 billion francs fall, 7 billion francs of that is related to the student loan ARCs and I get that. Of the remaining 30 billion francs, how much of that is just currency? So what would that 30 billion francs number be if currency had remained stable throughout the quarter? That would be helpful and then I guess the rest is just real reduction in risk–weighted assets? And then I guess the last question I had, just coming back to the 207 client advisors that left in Wealth Management and Swiss Bank, am I right in saying you’re guiding for similar levels of falls next quarter as well? Is that what I’m interpreting?
John Cryan
Yeah. I think we announced all of those. I did, in fact, the number of client advisors I said that we expect to lose in Q4 is 100.
Derek de Vries – BofA Merrill Lynch
Okay.
John Cryan
Obviously, it could be slightly different if there’s a different turn of events but the ones that we know about, are about 100. On the risk-weighted assets, it’s difficult to gauge the currency. I don’t have it but I can make an educated guess. The dollar essentially fell by about 5% against the Swiss francs and the euro didn’t do anything. And those would be the two major currencies. Most of the PRVs are in dollars and so I would have thought 5% of the 30 billion francs, its not very much.
Derek de Vries – BofA Merrill Lynch
Okay.
John Cryan
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