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      "text": "Access to Market Infrastructure. Certain GS Group subsidiaries provide other affiliates with access to various FMUs such as exchanges, clearing houses, custodians and agent banks. Such transactions are governed by intercompany agreements and charged at arms' length pricing.",
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      "text": "GS Group subsidiaries only provide guarantees to other subsidiary companies on a very limited basis. We do not have and do not permit upstream guarantees of the parent company by its subsidiaries. Group Inc. guarantees do not contain cross-default provisions, and do not on their own trigger early termination rights.",
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      "text": "In order to mitigate this aspect of interconnectedness, we have obtained at least one stand-alone rating from a major credit rating agency for each of our six largest material operating entities. One resolution-related benefit of this is to reduce the number of transactional guarantees that Group Inc. is required to issue.",
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      "text": "Although our preferred strategy does not assume that the material operating entities which provide access to FMUs to affiliates will enter bankruptcy, insolvency or similar proceedings, we have nevertheless prepared contingency plans as a backup. Depending on the FMU, these plans include options for multiple entity access, alternative contingency arrangements, or the use of a third-party service provider.",
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      "text": "Operational Services. GS Group subsidiaries regularly provide services to each other based on intercompany agreements, for which arms' length fees are paid. Such services may relate to: employee services; technology or intellectual property; facilities and other fixed assets; and vendor services.",
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      "text": "For a full list of our critical FMUs, see section SI.5. Memberships in Material Payment, Clearing and Settlement Systems below.",
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      "text": "Guarantees of Subsidiaries. Group Inc. has guaranteed the payment obligations of GSCO and GS Bank USA, subject to certain exceptions. Group Inc. also provides guarantees to clients in respect of certain transactions entered into by subsidiary companies. In addition, Group Inc. has provided guarantees to GSI and GSBE related to agreements that each entity has entered into with certain of its counterparties.",
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      "text": "2023 Resolution Plan",
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