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      "text": "Our separability analysis and divestiture planning results are documented in individual Object of Sale Playbooks for each option which is selected for potential sale.",
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      "text": "Booking Practices",
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      "text": "In 2022, we re-evaluated the entirety of the firm for potential asset, portfolio, line of business, and legal entity divestitures, taking into account the restructuring of business segments noted earlier. We considered each potential Object of Sale distinctly, with due recognition that the scope, format and execution timeline for a given divestiture option to be effective in resolution could differ from what would correspondingly apply in recovery. As a result of this analysis, we have selected six divestiture options. We have in place Object of Sale playbooks for each of our divestiture options.",
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      "text": "We have a derivatives booking framework comprised of the policies, principles, rationale and approach to implementing our derivative booking practices. The purpose of the framework is to ensure that transactions are booked in a manner that facilitates business-as-usual practices without impairing our resolvability. Our framework is underpinned by methodical booking practices that are consistently applied to external and intercompany transactions across legal entities, trading desks and products.",
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      "text": "Derivatives Booking Framework",
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      "text": "We value each divestiture option under assumed stress conditions to determine the range of potential capital and/or liquidity benefits that can be expected from execution of the option.",
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      "text": "Our separability analysis and divestiture planning results are documented in individual Object of Sale Playbooks for each option which is selected for potential sale.",
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      "text": "Our valuation procedures for Objects of Sale ensure there is a robust review and challenge to the assumptions and execution of the valuation methodology across our objects of sale.",
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      "text": "We determine information that would be needed by prospective buyers in connection with the disposition and have designed virtual data rooms that can be swiftly populated to facilitate due diligence.",
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      "text": "G. Derivatives and Trading Activities",
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      "text": "Consistent with our role as a leading global financial institution, Goldman Sachs has a large portfolio of derivatives. Our ability to wind the derivatives portfolio down in a resolution scenario is greatly aided by the fact that most of our derivatives positions are held in just four subsidiaries, all of which are material operating entities. In a resolution scenario, these entities would receive financial support from Funding IHC, if needed, and would therefore be wound down in an orderly manner over an extended period of time.",
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      "text": "Introduction",
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      "text": "2023 Resolution Plan",
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