{ "docId": "019dd923-5e88-73ef-bd59-e554727c032d", "docSlug": "4c5f1d6f702f7476", "documentTitle": "one goldman sachs", "authorId": "GoldmanSachs", "authorName": "Goldman Sachs", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "equity_research", "sourceTypeLabel": "Equity research", "presentationDate": null, "orientation": "portrait", "aspectRatio": 0.773, "pageNumber": 71, "pageCount": 124, "prevPage": 70, "nextPage": 72, "slideType": "appendix", "function": "summarize", "density": "dense", "nDataPoints": 0, "notes": "The slide describes the operational role of specific regional service entities and the financial support mechanism under the resolution plan.", "elementsJson": [ "paragraph" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-5e88-73ef-bd59-e554727c032d/71", "deckHref": "/decks/019dd923-5e88-73ef-bd59-e554727c032d", "deckJsonHref": "/decks/019dd923-5e88-73ef-bd59-e554727c032d.json", "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd59-e554727c032d#slide-71", "components": [ { "bbox": null, "kind": "callout", "text": "We would not expect any of these eight material service entities to require additional capital or liquidity from either the parent company or Funding IHC, because we maintain six months' working capital at each of them.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd952-1641-767d-8504-7e822870e5ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.11, "w": 0.78, "x": 0.11, "y": 0.36 }, "kind": "paragraph", "text": "Goldman Sachs Japan Services Co., Ltd.: GSJS is a Kabushiki Kaisha Company domiciled in Japan and wholly owned indirectly by Group Inc. The entity operates from its office location in Tokyo. GSJS is a staffing entity employing Engineering, HCM and CWS employees, and provides operational support services to material entities under service level agreements; it is also a property management company that provides operating entities with access to the office space it has leased and technology assets (e.g. data servers, computer equipment, etc.) that it owns.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "29edea88-0f5d-45ec-92b0-dbb97273bd9d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.09, "w": 0.78, "x": 0.11, "y": 0.26 }, "kind": "paragraph", "text": "Goldman Sachs (UK) Svc. Limited: GSUL is a Private Limited Company domiciled in England and wholly owned indirectly by Group Inc. It operates from its office location in London. GSUL is a staffing entity primarily employing Engineering, Operations, HCM and CWS employees and provides operational support services to material entities under service level agreements; the entity also provides material entities with access to office space it has leased.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "476a063a-b54c-4f49-89df-8809c5912b1b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.78, "x": 0.11, "y": 0.11 }, "kind": "paragraph", "text": "Goldman Sachs Services (Singapore) Pte. Ltd.: GPMS is a Private Limited Company domiciled in Singapore and wholly owned indirectly by Group Inc. It operates from its office location in Singapore. GPMS is a staffing entity employing primarily Engineering, Operations, HCM, CWS, Treasury, Internal Audit and independent risk oversight and control functions' employees and provides operational support services to operating entities under service level agreements; it is also a property management company that provides operating entities with access to the technology assets (e.g. data servers, computer equipment, etc.) that it owns.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "6b595494-e31d-49fc-90b1-886fbd856912", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.78, "x": 0.11, "y": 0.52 }, "kind": "paragraph", "text": "We would not expect any of these eight material service entities to require additional capital or liquidity from either the parent company or Funding IHC, because we maintain six months' working capital at each of them, and because the Service Level Agreements \"SLAs\" require these entities to be paid in a timely manner for services they provide to material operating entities. Nevertheless, the CLSA requires Funding IHC, both before and after a Group Inc. bankruptcy filing, to provide these material service entities with sufficient capital or liquidity to maintain positive equity and prevent a payment default. As the material operating entities gradually unwind their positions, the material service entities will reduce their corresponding level of support. Under our preferred resolution strategy, our material service entities remain in operation during the wind-down period, and they have sufficient liquidity to pay their creditors in full. Once their services are no longer required, they are wound down and any cash that remains on their balance sheet is returned to the parent company's bankruptcy estate.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9ce17470-815f-4a43-85b5-c5bee81594e5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.35, "x": 0.08, "y": 0.04 }, "kind": "title", "text": "2023 Resolution Plan", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "037f1fa1-93f8-4bd0-a417-46d4d1dcddb7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.45, "x": 0.11, "y": 0.49 }, "kind": "title", "text": "Summary of Resolution Strategy for our Material Service Entities", "attrs": null, "subkind": "subtitle", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "bf1eae91-1ce0-451d-8fab-31ffa6e5e292", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 124, "from": 8, "beatId": "d68786b1-3dab-4ad0-b5b0-04ed44c1c6d3", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The document contains extensive data tables, appendix data, and methodology explanations.", "position": 1, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 124, "from": 6, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "d24b5f0d-d542-4d18-a73f-65d59f4261ed", "evidence": "The document provides a detailed explanation of the plan and supporting data.", "position": 0, "objective": "To demonstrate the effectiveness of Goldman Sachs' resolution plan.", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... 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