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}}.bg-dark-gradient--listing.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-7d51adf091d4d1949a63290f315b9aa1.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 { padding-top: $cfa--spacing--xxxl; padding-bottom: $cfa--spacing--xxxl;}.left.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container { padding-right: 0;}.left.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner .coh-column:first-of-type { -webkit-box-ordinal-group: 3; -webkit-order: 2; -ms-flex-order: 2; order: 2;}.left.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner .coh-column:first-of-type > .coh-container { padding-right: 0;}@media (max-width: 899px) { .left.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner .coh-column:first-of-type > .coh-container { padding-top: 1.5rem; }}.right.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container { padding-left: 0;}.right.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner > .coh-column:last-of-type { overflow: visible;}@media (max-width: 899px) { .right.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner > .coh-column:last-of-type > * { margin-left: -webkit-calc(-1 * var(--ssa-responsive-grid-settings-outer-gutter)); margin-left: calc(-1 * var(--ssa-responsive-grid-settings-outer-gutter)); width: -webkit-calc(100% + (2 * var(--ssa-responsive-grid-settings-outer-gutter))); width: calc(100% + (2 * var(--ssa-responsive-grid-settings-outer-gutter))); }}.right.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner > .coh-column:first-of-type > .coh-container { padding-left: 0;}@media (max-width: 899px) { .right.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-3ee86604 > .coh-container > .coh-container > .coh-row > .coh-row-inner > .coh-column:first-of-type > .coh-container { padding-bottom: 1.5rem; }}.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-24848c8a { padding-right: 1.5rem; padding-left: 1.5rem;}@media (max-width: 899px) { .ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-24848c8a { padding-right: 0; padding-left: 0; }}@media (max-width: 599px) { .ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-24848c8a { }}.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-b35ce61 { color: rgba(51, 106, 255, 1);}.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-611fecc7 { color: rgba(255, 255, 255, 1);}.ssa-instance-6d7997b031b2bdcc262567ca4dc784e0.coh-ce-cpt_text_and_image-f89f3c91 { color: rgba(255, 255, 255, 1);}</style> <style>.ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 899px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center top; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-8364854d { -webkit-box-pack: space-between; -webkit-justify-content: space-between; -ms-flex-pack: space-between; justify-content: space-between; min-height: auto; row-gap: 1.5rem;}@media (max-width: 899px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-8364854d { min-height: auto; }}@media (max-width: 599px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-8364854d { min-height: auto; }}.ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-1f4e3db { -webkit-box-ordinal-group: NaN; -webkit-order: 0; -ms-flex-order: 0; order: 0; -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; -webkit-box-pack: center; -webkit-justify-content: center; -ms-flex-pack: center; justify-content: center; display: flex;}@media (max-width: 899px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-1f4e3db { -webkit-box-ordinal-group: NaN; -webkit-order: 0; -ms-flex-order: 0; order: 0; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}@media (max-width: 599px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-1f4e3db { -webkit-box-ordinal-group: NaN; -webkit-order: 0; -ms-flex-order: 0; order: 0; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}.ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; -webkit-box-pack: center; -webkit-justify-content: center; -ms-flex-pack: center; justify-content: center; display: flex; position: relative;}@media (max-width: 899px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; position: relative; }}@media (max-width: 599px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: none; }}@media (max-width: 564px) { .ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda.coh-ce-cpt_2_column_layout-ecfef6d5 { position: relative; }}</style> <style>.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-color: rgba(247, 236, 222, 1); display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -webkit-flex-direction: row; -ms-flex-direction: row; flex-direction: row; -webkit-align-content: flex-start; -ms-flex-line-pack: flex-start; align-content: flex-start; min-height: 0px; padding-top: 4rem; padding-bottom: 4rem; position: relative; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { padding-top: 2.5rem; padding-bottom: 2.5rem; }}@media (max-width: 899px) { .ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.image-no-overlay.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.image-light-overlay.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(255, 255, 255, 0.294)), to(rgba(255, 255, 255, 0.3))), none; background-image: -webkit-linear-gradient(left, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-image: linear-gradient(90deg, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-origin: border-box; background-clip: border-box; background-attachment: scroll, scroll;}.border.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; background-color: rgba(247, 236, 222, 1); display: block;}.image-gradient-overlay-vertical.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-b86313c80600cfcb570ef3f106008c07.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-8de82d90671701b7ac1a166e87989da3.coh-ce-cpt_coveo_featured_listing-a47f98ab { margin-bottom: 2rem;}</style> <style> .result-card { -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 1; -webkit-flex-grow: 1; -ms-flex-positive: 1; flex-grow: 1; position: relative; } .result-card .card__contents { height: 100%; display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; padding: 1.5rem 0; } .result-card .coh-heading { margin-bottom: 0.75rem; } .result-card .card__link:after { position: absolute; top: 0; bottom: 0; left: 0; right: 0; content: ""; z-index: 1; } .card__moustache { margin: 0; } .result-card .card__fake-link { margin-top: auto; } .result-card .card__media { -webkit-box-ordinal-group: 0; -webkit-order: -1; -ms-flex-order: -1; order: -1; } .card__media .coh-image { aspect-ratio: 4 / 3; object-fit: cover; object-position: top center; } </style> <style> .coh-container--related { max-width: calc(100vw - (2 * var(--ssa-responsive-grid-settings-inner-gutter))); margin: 0 auto; } .cpt_slide_item { -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; display: -webkit-box !important; display: -webkit-flex !important; display: -ms-flexbox !important; display: flex !important; } .result-card a { text-decoration: none; } .result-card a:hover, .result-card a:focus, .result-card a:focus-visible, .result-card a:active { text-decoration: underline; } @media (max-width: 899px) { .results-item .result-card { margin-bottom: 1.5rem; } } </style> <style>.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { max-width: 100%; width: 100%; min-width: 0;}.cta-eyebrow-brand.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.dark-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 0, 0);}.light-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(255, 255, 255);}.color-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.align-text-left.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { text-align: left;}.align-text-center.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { text-align: center;}.align-text-right.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { text-align: right;}.certify-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.learn-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 187, 255);}.network-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(245, 202, 39);}.insights-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(122, 70, 255);}.underline--emphatic.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { position: relative;}.underline--emphatic.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc:after { content: ""; height: 0.425rem; width: 3.45rem; position: absolute; bottom: -1rem; left: 0;}.royal-heading.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(89, 73, 167);}.italic.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { font-style: italic;}.card-eyebrow.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-weight: 500; font-size: 0.875rem; line-height: 0.875rem; text-align: left; color: rgb(65, 67, 70);}.card-eyebrow-brand.ssa-instance-ea4ab36a058ba7699b231f4bee50e7a1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255); font-weight: 500; font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-size: 1rem; line-height: 1rem; text-align: left;}</style> <style>.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -webkit-flex-direction: row; -ms-flex-direction: row; flex-direction: row; -webkit-align-content: flex-start; -ms-flex-line-pack: flex-start; align-content: flex-start; padding-top: 4rem; padding-bottom: 4rem; position: relative; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { }}@media (max-width: 899px) { .ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.image-no-overlay.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.image-light-overlay.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(255, 255, 255, 0.294)), to(rgba(255, 255, 255, 0.3))), none; background-image: -webkit-linear-gradient(left, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-image: linear-gradient(90deg, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-origin: border-box; background-clip: border-box; background-attachment: scroll, scroll;}.border.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-4bd4c02b01866190f1a538ea8a16798c.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-f8393079b08e4fcdbbd32fe5b710e08a.coh-ce-cpt_text-e4a5f5e1 { -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: left; width: 100%; max-width: 100%;}.border.ssa-instance-f8393079b08e4fcdbbd32fe5b710e08a.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-f8393079b08e4fcdbbd32fe5b710e08a.coh-ce-cpt_text-ccc8ea09 { text-align: left; display: inline-block;}</style> <style>.vector-align-left.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e img, .vector-align-left.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e svg { margin-right: auto;}.vector-align-center.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e img, .vector-align-center.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e svg { margin-right: auto; margin-left: auto;}.vector-align-right.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e img, .vector-align-right.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e svg { margin-left: auto;}.ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e img, .ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d.coh-ce-cpt_vector_image-e5db883e svg {}</style> <style>.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { max-width: 100%; width: 100%; min-width: 0;}.cta-eyebrow-brand.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.dark-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 0, 0);}.light-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(255, 255, 255);}.color-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.align-text-left.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { text-align: left;}.align-text-center.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { text-align: center;}.align-text-right.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { text-align: right;}.certify-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.learn-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 187, 255);}.network-heading.ssa-instance-ade9b31ebfe70f707742962eb9c628b2.coh-ce-cpt_heading-b45c50fc { color: rgb(245, 202, 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order: 0; -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; -webkit-box-pack: center; -webkit-justify-content: center; -ms-flex-pack: center; justify-content: center; display: flex;}@media (max-width: 899px) { .ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-1f4e3db { -webkit-box-ordinal-group: NaN; -webkit-order: 0; -ms-flex-order: 0; order: 0; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}@media (max-width: 599px) { .ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-1f4e3db { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}.ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-orient: vertical; -webkit-box-direction: normal; -webkit-flex-direction: column; -ms-flex-direction: column; flex-direction: column; -webkit-box-pack: center; -webkit-justify-content: center; -ms-flex-pack: center; justify-content: center; display: flex;}@media (max-width: 899px) { .ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 1; -ms-flex-order: 1; order: 1; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}@media (max-width: 599px) { .ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-ecfef6d5 { -webkit-box-ordinal-group: NaN; -webkit-order: 0; -ms-flex-order: 0; order: 0; -webkit-box-pack: flex-start; -webkit-justify-content: flex-start; -ms-flex-pack: flex-start; justify-content: flex-start; display: flex; }}@media (max-width: 564px) { .ssa-instance-a732e442f930e0d2b38cf4904c12ade7.coh-ce-cpt_2_column_layout-ecfef6d5 { }}</style> <style>.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -webkit-flex-direction: row; -ms-flex-direction: row; flex-direction: row; -webkit-align-content: flex-start; -ms-flex-line-pack: flex-start; align-content: flex-start; min-height: 0px; padding-top: 4rem; padding-bottom: 4rem; position: relative; background-size: cover; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { }}@media (max-width: 899px) { .ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { padding-top: 2rem; padding-bottom: 2rem; background-size: cover; background-attachment: scroll; }}.image-no-overlay.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.image-light-overlay.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(255, 255, 255, 0.294)), to(rgba(255, 255, 255, 0.3))), none; background-image: -webkit-linear-gradient(left, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-image: linear-gradient(90deg, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-origin: border-box; background-clip: border-box; background-attachment: scroll, scroll;}.border.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: cover, cover; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: auto, cover; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-5f4b2bda9f6ca0a29d683f69b50c88bd.coh-ce-cpt_text-e4a5f5e1 { -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: align-text-left; width: 100%;}.border.ssa-instance-5f4b2bda9f6ca0a29d683f69b50c88bd.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-5f4b2bda9f6ca0a29d683f69b50c88bd.coh-ce-cpt_text-ccc8ea09 { text-align: align-text-left; display: inline-block;}</style> <style>.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { margin-right: initial; margin-left: initial; max-width: 100%; width: 100%; min-width: 0;}.cta-eyebrow-brand.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.dark-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 0, 0);}.light-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(255, 255, 255);}.color-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.align-text-left.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { text-align: left;}.align-text-center.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { text-align: center;}.align-text-right.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { text-align: right;}.certify-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.learn-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 187, 255);}.network-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(245, 202, 39);}.insights-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(122, 70, 255);}.underline--emphatic.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { position: relative;}.underline--emphatic.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc:after { content: ""; height: 0.425rem; width: 3.45rem; position: absolute; bottom: -1rem; left: 0;}.royal-heading.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(89, 73, 167);}.italic.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { font-style: italic;}.card-eyebrow.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-weight: 500; font-size: 0.875rem; line-height: 0.875rem; text-align: left; color: rgb(65, 67, 70);}.card-eyebrow-brand.ssa-instance-33f99b7869eefa6a7f461fc00012ea30.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255); font-weight: 500; font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-size: 1rem; line-height: 1rem; text-align: left;}</style> <style>.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -webkit-flex-direction: row; -ms-flex-direction: row; flex-direction: row; -webkit-align-content: flex-start; -ms-flex-line-pack: flex-start; align-content: flex-start; min-height: 0px; padding-top: 4rem; padding-bottom: 4rem; position: relative; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { padding-top: 1rem; padding-right: 1.5rem; padding-bottom: 1rem; padding-left: 1.5rem; }}@media (max-width: 899px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { padding-top: 1rem; padding-right: 1rem; padding-bottom: 1rem; padding-left: 1rem; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.image-no-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.image-light-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(255, 255, 255, 0.294)), to(rgba(255, 255, 255, 0.3))), none; background-image: -webkit-linear-gradient(left, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-image: linear-gradient(90deg, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-origin: border-box; background-clip: border-box; background-attachment: scroll, scroll;}.border.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 {}@media (max-width: 899px) { .ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { }}@media (max-width: 599px) { .ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { }}.coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto;}@media (max-width: 899px) { .coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto; }}@media (max-width: 599px) { .coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto; }}</style> </head> <body class="user-is-anonymous path-node page-node-type-article"> <a href="#main-content" class="visually-hidden focusable skip-link"> Skip to main content </a> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <input class="coh-inline-element ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-ce-cpt_site_header-443cc08f" id="megamenu-toggle" type="checkbox"> <header class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 site-header masthead--megamenu e--100 coh-style-header-light-theme coh-style-elevations coh-ce-cpt_site_header-e29b1605" > <div class="coh-container coh-ce-cpt_site_header-8a31fe82" > <div class="coh-container coh-ce-cpt_site_header-9ac56c51 coh-container-boxed" > <div class="coh-container coh-ce-cpt_site_header-3f35602d" > <ul class="coh-menu-list-container coh-unordered-list coh-ce-c0b6bbc8"><li class="coh-menu-list-item" > <a href="/business" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >Business</a></li><li class="coh-menu-list-item" > <a href="/universities" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >Universities</a></li><li class="coh-menu-list-item" > <a href="/university-students" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >University students</a></li></ul> <span class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-style-flex-grow ssa-instance-0e9bad08079d7f799e9ce80c55588a74 coh-ce-cpt_spacer-b3e761a3" > </span> <div class="coh-block coh-ce-cpt_site_header-e1c8b140"> <div class="coh-style-flex-container align-items--center coh-style-position-relative oidc-menu"> <div class="coh-style-flex-container align-items--center justify-content--center oidc coh-style-mobile-account-links"> <a href="/Account/Login" class="js--oidc-menu-link coh-link coh-style-link-light coh-style-label-200 piped" target="_self">Sign In</a> <a href="/Account/CreateAccount" class="js--oidc-menu-link coh-link coh-style-link-light coh-style-label-200 piped" target="_self">Create Account</a> </div> </div> </div> <a href="https://store.cfainstitute.org/cart.php" class="coh-link coh-ce-cpt_site_header-b69197d" title="View my cart" target="_self" > </a> </div> </div> <div class="coh-container masthead__header coh-ce-cpt_site_header-798ae7ba coh-container-boxed" > <button class="coh-button coh-style-button coh-ce-cpt_site_header-5bc6ba39 coh-interaction" title="Menu" data-interaction-modifiers="[{"modifierType":"toggle-modifier","interactionScope":"this","modifierName":"popover--open","interactionTarget":".coh-button"},{"modifierType":"toggle-modifier-accessible-collapsed","interactionScope":"component","interactionTarget":"#megamenu","modifierName":"popover--open"}]" aria-haspopup="true" aria-expanded="false" data-coh-settings='{ "xl":{"buttonAnimation":[{"animationType":"none"}]} }' type="button"> </button> <div class="coh-container coh-ce-cpt_site_header-9a161e69" > <a class="coh-inline-element coh-ce-cpt_site_header-b900b83f" href="/" title="CFA Institute Home"> <div class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 " > <div class="coh-block light-title coh-ce-cpt_drupal_blocks-91a01d0a"> <img src="/themes/custom/cfa_base/logo.svg" alt="Home" fetchpriority="high" /> </div> </div> </a> </div> <button class="coh-button coh-style-button coh-ce-cpt_site_header-de9fbb74 coh-interaction" title="Search" data-interaction-modifiers="[{"modifierType":"toggle-modifier","interactionScope":"component","interactionTarget":"#header__search","modifierName":"popover--open"},{"modifierType":"toggle-modifier","interactionScope":"component","interactionTarget":"#mobile-search-button","modifierName":"popover--open"},{"modifierType":"toggle-modifier","interactionScope":"component","modifierName":"popover--open","interactionTarget":"#desktop-search-button"}]" id="mobile-search-button" data-coh-settings='{ "xl":{"buttonAnimation":[{"animationType":"none"}]} }' type="button"> <span class="coh-inline-element popover--closed coh-style-screen-reader-only">Open Search Overlay</span> <span class="coh-inline-element popover--open coh-style-screen-reader-only">Close Search Overlay</span> </button> <search class="coh-inline-element coh-ce-cpt_site_header-7fbdd3a8" id="header__search"> <div class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 match-height No ssa-instance-be5d375162e360e3a5a2faebc919a3f5 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <h2 class="coh-heading coh-style-headline-300 coh-style-headline-heavy coh-style-text-inverted coh-ce-cpt_site_header-5cf3ab20" >I'm looking for:</h2> <form class="coh-inline-element masthead__search-container coh-ce-cpt_site_header-6b6b001a" id="coveo-search-form"> <style> atomic-search-box::part(wrapper) { background-color: var(--ssa-color-palette-gray-50); } </style> <atomic-search-interface id="global-search-box" search-hub="CFAI-Site-Search-Hub" pipeline=""> <atomic-search-box redirection-url=/search textarea="false" disable-search="false"> <atomic-search-box-query-suggestions maxWithQuery="" maxWithoutQuery=""> </atomic-search-box-query-suggestions> </atomic-search-box> </atomic-search-interface> </form> <ul class="coh-menu-list-container coh-unordered-list coh-style-text-inverted coh-ce-c3377e60"><li class="coh-menu-list-item coh-ce-680ae03b js-coh-menu-item" data-coh-settings='{"xl":"visible"}' ></li></ul> </div> </div> </search> <a href="https://store.cfainstitute.org/cart.php" class="coh-link coh-ce-cpt_site_header-7b188ccb" title="View my cart" target="_self" > </a> <nav class="coh-container coh-ce-cpt_site_header-951dd020" id="megamenu" > <div class="coh-container oidc-mobile coh-ce-cpt_site_header-b07faa38 coh-container-boxed" > <div class="coh-container coh-ce-cpt_site_header-2b33d301" > <div class="coh-block coh-ce-cpt_site_header-40fd4f75"> <div class="coh-style-flex-container align-items--center coh-style-position-relative oidc-menu"> <div class="coh-style-flex-container align-items--center justify-content--center oidc coh-style-mobile-account-links"> <a href="/Account/Login" class="js--oidc-menu-link coh-link coh-style-link-button-dark coh-style-text-color-dark-background" target="_self">Sign In</a> <a href="/Account/CreateAccount" class="js--oidc-menu-link coh-link coh-style-text-link coh-style-text-color-dark-background" target="_self">Create Account</a> </div> </div> </div> </div> <ul class="coh-menu-list-container coh-unordered-list menu-level-1 coh-ce-a757c86a"><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Programs</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >CFA® Program</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#overview" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Overview</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#career-paths" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career paths</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#curriculum" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Curriculum</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#learning-experience" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Learning experience</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#fees-calendar" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Fees and calendar</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#policies" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Policies</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program/candidate-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Registered candidate resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Enroll and register</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Other programs</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cipm" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >CIPM® Program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/climate-investing-cohort" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Climate Risk (Cohort)</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/climate-investing-self-paced" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Climate Risk (Self-paced)</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/data-science-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Data Science</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/esg-certification" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG Investing</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/investment-foundations-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Investment Foundations</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-equity-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private Equity</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-markets-alternative-investments-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private Markets</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/all-programs" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >View all programs</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Learning paths</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-markets" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private markets</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/sustainable-investing" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Sustainability</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/data-science" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Data science</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Program support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/learning-compass" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Help choosing a program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/candidate-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >All candidate resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/Account/Login" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Candidate sign in</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Membership</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Membership</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Membership overview</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/benefits" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Membership benefits</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/become-member" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Become a member</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://my.cfainstitute.org/" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Member sign in</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Network</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/find-cfa-society" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Find a CFA Society®</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://directory.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Find a member</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/volunteer-opportunities" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Volunteering</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Career support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://careers.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career center</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/benefits/professional-learning-program" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional learning program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/candidate-resources/share-achievement" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Share your achievements</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Insights</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Research & Policy Center</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research and thought leadership</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/research/financial-analysts-journal" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Financial Analysts Journal</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/research-foundation" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research Foundation</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/blogs-and-podcasts" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Podcasts & blogs</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Research & Policy Center</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >In Brief</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/careers-professional-development" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career insights</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/digital-innovation" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Digital innovation</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/first-person" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >First person</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/trends" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Trends</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/esg-sustainability" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >View all articles</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Events</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/upcoming" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Upcoming events</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/past" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Past events</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/sponsorship" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Event sponsorship</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/research-challenge" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research Challenge</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Learning resources</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional learning resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning/refresher-readings" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Refresher readings</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning/ethics-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Ethics resources</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Standards</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Industry standards</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://www.gipsstandards.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >GIPS Standards</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/codes-and-standards/diversity-equity-inclusion-codes" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Diversity, Equity, and Inclusion Code</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/esg-standards" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG Standards for Investment Products</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/policy" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Policy and Advocacy</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/codes-and-standards" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >More in Research & Policy Center</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Professional standards</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/code-ethics-standards" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Code of Ethics and Standards</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional Conduct</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct/sanctions" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Disciplinary sanctions</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct/report-misconduct" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Report misconduct</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >Learn more </a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">About</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >CFA Institute</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/who-we-are" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Who we are</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/history" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Our history</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/press-room" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Press room</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/careers" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Careers</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Governance</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/leadership-team" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Leadership team</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/board" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Board of Governors</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/committees" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Committees and Councils</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/annual-report" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Annual reports</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/policies" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >CFA Institute policies</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >Learn more</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Customer support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://help.cfainstitute.org/s/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Contact us</a></li></ul> </div></li></ul> </div> </div></li></ul> <div class="coh-container coh-ce-cpt_site_header-dc73e60b" > <ul class="coh-menu-list-container coh-unordered-list coh-ce-7e04b7f4"><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/business" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >Business</a></li><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/universities" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >Universities</a></li><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/university-students" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >University students</a></li></ul> </div> </div> </nav> <button class="coh-button coh-style-button coh-ce-cpt_site_header-5510d5fc coh-interaction" 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class="coh-style-paragraph-300"> <a href="/">Home</a> </li> <li class="coh-style-paragraph-300"> <a href="/insights">Insights</a> </li> <li class="coh-style-paragraph-300"> <a href="/insights/articles">In Brief</a> </li> </ol> </nav> </div> </div> </div> <div class="coh-container content-region coh-ce-6d56d4bb" > <div> <div data-drupal-messages-fallback class="hidden"></div> <div id="block-cfa-base-sitewidealert" class="settings-tray-editable" data-drupal-settingstray="editable"> <div><div data-sitewide-alert></div></div>  <div class="notice bottom-0 js-notice border-top border-warning" id="privacy-banner"> <div class="notice__banner bg-warning-lighter padding-y-sm inner-glow shadow-md"> <div class="coh-container-boxed"> <div class="flex justify-between items-center"> <p class="text-sm" style="margin-bottom: 0;">We're using cookies, but you can turn them off in your browser settings. Otherwise, you are agreeing to our use of cookies. Learn more in our <a href="/about/governance/policies/privacy-policy">Privacy Policy</a></p> <button class="reset notice__close-btn margin-left-sm js-notice__hide-control" id="closePrivacyWarning"> <svg class="icon--ch" viewBox="0 0 16 16"> <title>Accept</title> <g stroke-width="2" stroke="currentColor" fill="none" stroke-linecap="round" stroke-linejoin="round" stroke-miterlimit="10"> <line x1="13.5" y1="2.5" x2="2.5" y2="13.5"></line> <line x1="2.5" y1="2.5" x2="13.5" y2="13.5"></line> </g> </svg> </button> </div> </div> </div> </div> </div> <article > <div class="coh-container ssa-component coh-component ssa-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-style-text-color-dark-background ssa-instance-a43cdc3ff0b5df138453eb499f445da8 coh-ce-cpt_hero_banner-e2ec4263" > <div class="coh-container ssa-component coh-component ssa-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a ssa-instance-a732e442f930e0d2b38cf4904c12ade7 coh-ce-cpt_2_column_layout-228dfee8" > <div class="coh-container coh-container-boxed" > <div class="coh-row coh-row-xl coh-row-visible-xl" data-coh-row-match-heights="[]"> <div class="coh-row-inner ssa-instance-a732e442f930e0d2b38cf4904c12ade7 coh-ce-cpt_2_column_layout-8364854d"> <div class="coh-column ssa-instance-a732e442f930e0d2b38cf4904c12ade7 coh-ce-cpt_2_column_layout-1f4e3db coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-5 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-6 coh-col-xl-push-0 coh-col-xl-pull-0" > <div class="coh-container ssa-component coh-component ssa-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a match-height No ssa-instance-4d3b3c3f57a09f50b1e8ed2a16dfb577 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b " > <h1 class="coh-heading ssa-component coh-component ssa-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-component-instance-0d69a8fd-e92c-4ca2-9966-2db58d72a96a coh-style-headline-100 coh-style-text-color-dark-background align-text-left coh-style-cfa-margin-bottom-sm ssa-instance-33f99b7869eefa6a7f461fc00012ea30 coh-ce-cpt_heading-b45c50fc" > CBDCs: Towards a tokenized future </h1> </div> </div> </div> <div class="coh-column ssa-instance-a732e442f930e0d2b38cf4904c12ade7 coh-ce-cpt_2_column_layout-ecfef6d5 coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-7 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-6 coh-col-xl-push-0 coh-col-xl-pull-0" > <div class="coh-container coh-ce-cpt_hero_banner-f2668b67" > <picture> <source data-srcset="https://cfainstitute.widen.net/content/75d9b2db-87f7-40b8-9e1d-3d35157abbf3/web/cbdcs-towards-a-tokenized-future.jpg?w=2048&itok=uXIBUD0l" media="(min-width: 900px)" type=""> <source data-srcset="https://cfainstitute.widen.net/content/75d9b2db-87f7-40b8-9e1d-3d35157abbf3/web/cbdcs-towards-a-tokenized-future.jpg?w=768&itok=fko6cX_p" media="(min-width: 600px) and (max-width: 899px)" type=""> <source data-srcset="https://cfainstitute.widen.net/content/75d9b2db-87f7-40b8-9e1d-3d35157abbf3/web/cbdcs-towards-a-tokenized-future.jpg?w=568&itok=mOtWpG9R" media="(max-width: 599px)" type=""> <img class="coh-image ssa-component coh-component coh-image-responsive-xl coh-image-responsive-sm coh-image-responsive-ps coh-style-object-fit " loading="eager" src="https://cfainstitute.widen.net/content/75d9b2db-87f7-40b8-9e1d-3d35157abbf3/web/cbdcs-towards-a-tokenized-future.jpg?w=568&itok=mOtWpG9R" alt="conceptual image of blue shiny chrome blocks, reflecting binary code, joined by chainlinked electrical signals" /> </picture> </div> </div> </div> </div> </div> </div> </div> <div class="coh-container coh-ce-eee1b2e7 coh-container-boxed" > <div class="coh-row coh-row-bleed-xl coh-row-visible-xl" data-coh-row-match-heights="{"xl":{"target":"none"}}"> <div class="coh-row-inner coh-ce-a586471a"> <div class="coh-column coh-ce-d5d9a2ba coh-visible-ps coh-col-ps-12 coh-col-ps-offset-0 coh-visible-sm coh-col-sm-12 coh-col-sm-offset-0 coh-visible-md coh-col-md-10 coh-col-md-offset-1 coh-visible-xl coh-col-xl-8 coh-col-xl-push-0 coh-col-xl-pull-0 coh-col-xl-offset-2" > <div class="coh-container coh-ce-9668e019" > <div class="coh-container coh-ce-c1a59ef1" > <span class="coh-inline-element coh-style-paragraph-100">Published 25 Apr 2024</span> </div> <div class="coh-container coh-ce-ecb607b0" > </div> <div class="coh-container ssa-component coh-component ssa-component-instance-8bcaba1a-ef49-4078-ab46-f138ed935515 coh-component-instance-8bcaba1a-ef49-4078-ab46-f138ed935515 ssa-instance-967ba7d468a6d9771e065d121f49f1d0 coh-ce-cpt_1_column_layout-5d838e07" > <div class="coh-container " > <div class="coh-row coh-row-xl coh-row-visible-xl" data-coh-row-match-heights="[]"> <div class="coh-row-inner ssa-instance-967ba7d468a6d9771e065d121f49f1d0 coh-ce-cpt_1_column_layout-9e55245b"> <div class="coh-column ssa-instance-967ba7d468a6d9771e065d121f49f1d0 coh-ce-cpt_1_column_layout-979786f7 coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-12 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-11 coh-col-xl-push-0 coh-col-xl-pull-0" > </div> </div> </div> </div> </div> </div> <div> <div class="coh-container ssa-component coh-component ssa-component-instance-fcf2c773-d944-4cd1-b05c-d2b6bf6ed54e coh-component-instance-fcf2c773-d944-4cd1-b05c-d2b6bf6ed54e match-height ssa-instance-4bd4c02b01866190f1a538ea8a16798c coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-fbe6b0fa-4c84-4546-81d7-4e5d6cea5bb2 coh-component-instance-fbe6b0fa-4c84-4546-81d7-4e5d6cea5bb2 coh-style-text-color-light-background ssa-instance-1875abc5fc6cf3083585f960cf635f60 coh-ce-cpt_text-e4a5f5e1" > <p><em>Tokenization of real-world and financial assets is one of the most compelling use cases for central bank digital currencies. What makes the two so compatible.</em></p> <p>The Bank of International Settlement (BIS) has called tokenization a <a href="https://www.youtube.com/watch?v=ZFLx-YdupCk" target="_blank">paradigm shift</a> that can create new financial instruments, new business models and drive innovation.</p> <p>Although tokenization is still largely in pilot stages, the opportunities it represents could increase demand for digital currencies in general and CBDCs in particular.</p> <p>This article addresses tokenization as a use case for CBDCs and explores what the future of finance could look like if tokenization finds wide adoption.</p> </div> <h2 class="coh-heading ssa-component coh-component ssa-component-instance-095dc309-3d01-4d4e-abf0-0c2e5c019682 coh-component-instance-095dc309-3d01-4d4e-abf0-0c2e5c019682 dark-heading align-text-left coh-style-cfa-margin-bottom-lg ssa-instance-b07843215de599e2ee5f3412ed6fc949 coh-ce-cpt_heading-b45c50fc" > What is tokenization? </h2> <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-7379d9b4-aeba-4776-b598-fb48de429976 coh-component-instance-7379d9b4-aeba-4776-b598-fb48de429976 coh-style-text-color-light-background ssa-instance-584b84c85b13c0f8cd6606518b4b70fe coh-ce-cpt_text-e4a5f5e1" > <p>Simply put, tokenization is the conversion of any asset into a digital representation – a token. Distributed ledger technology and blockchains are used to protect integrity and verify transactions, as with a cryptocurrency. (See our Research & Policy Center article, Down the Rabbit Hole: A Cryptocurrency Primer for more detail).</p> <p>Tokenization can be applied to any tangible or intangible assets, such as real estate or commodities, stocks and bonds, or a work of art. The recent enthusiasm around non-fungible tokens (NFTs) is just one illustration of the technology’s appeal.</p> <p>In the financial system, tokenization could allow trading of traditional stocks, bonds, warrants or mortgage deeds to run on public or private blockchains, reducing the need for intermediaries to preform basic trade functions such as settlement. As with a blockchain-based currency, the transaction is the receipt : settlement with digital tokens confers ownership at the time of trade.</p> <p>But the paradigm shift that BIS highlighted comes further down the road as settlement and compliance processes become automated or even eliminated and large assets are fractionalized to promote greater access, liquidity and potentially also financial inclusion.</p> <p>“Nothing we own or owe has to sit exclusively on paper anymore,” said Olivier Fines, Head of Advocacy and Capital Markets Policy Research for EMEA at CFA Institute. “The technology to digitize assets is here. The questions we still face are around how to use it.”</p> </div> <h2 class="coh-heading ssa-component coh-component ssa-component-instance-c673625e-fc32-48da-801c-5afe11f42b47 coh-component-instance-c673625e-fc32-48da-801c-5afe11f42b47 dark-heading align-text-left coh-style-cfa-margin-bottom-lg ssa-instance-8a1064ee18472fee553c0dfd9903a7e6 coh-ce-cpt_heading-b45c50fc" > How big a deal is it? </h2> <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-d0480303-1f43-4bce-b6cd-0abc62f5d531 coh-component-instance-d0480303-1f43-4bce-b6cd-0abc62f5d531 coh-style-text-color-light-background coh-style-cfa-margin-bottom-md ssa-instance-38d08dfc36e100a9c2c26b0f7489b097 coh-ce-cpt_text-e4a5f5e1" > <p>By 2030, tokenization in private markets could reach nearly USD4 trillion in value, an 80x growth rate, <a href="https://www.citifirst.com.hk/home/upload/citi_research/rsch_pdf_30143792.pdf" target="_blank">according to a Citi forecast</a>. Another <a href="https://www.coindesk.com/business/2023/06/20/tokenization-could-be-a-5t-opportunity-led-by-stablecoins-and-cbdcs-bernstein/" target="_blank">report from asset manager Alliance Bernstein</a> estimates that up to 2% of the global money supply could be tokenized over the next five years. And HSBC predicts a potential tokenized value of <a href="https://www.gbm.hsbc.com/en-gb/feed/innovation/potential-of-tokenisation" target="_blank">USD24 trillion by 2027</a>.</p> </div> <div class="coh-container ssa-component coh-component ssa-component-instance-c6179848-79f4-43c9-bcb8-c1c9e613ca37 coh-component-instance-c6179848-79f4-43c9-bcb8-c1c9e613ca37 ssa-instance-3cab0cbb686332cc2f4ce6094f2fa150 coh-ce-cpt_vector_image-e5db883e" > <article class="media media--type-vector-image media--view-mode-full"> <div> <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 821 747" fill="none"> <g clip-path="url(#clip0_2088_3517)"> <g filter="url(#filter0_d_2088_3517)"> <mask id="mask0_2088_3517" style="mask-type:luminance" maskUnits="userSpaceOnUse" x="4" y="0" width="813" height="747"> <path d="M817 0H4V747H817V0Z" fill="white"></path> </mask> <g mask="url(#mask0_2088_3517)"> <path d="M817 0H4V747H817V0Z" fill="white"></path> <text fill="#1F2122" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="23" font-weight="bold" letter-spacing="0em"> <tspan x="28" y="46.0587">Figure 1: How Big a Deal Is It?</tspan> </text> <text fill="#1F2122" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="16" letter-spacing="0em"> <tspan x="28" y="77.2036">Projected tokenized market value to 2027 (US$)</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="32" y="110.528">30</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="33" y="196.695">25</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="32" y="282.861">20</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="34" y="369.028">15</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="33" y="455.195">10</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="40" y="541.361">5</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="39" y="627.528">0</tspan> </text> <path d="M52 107.5H792" stroke="#00001A" stroke-opacity="0.15" stroke-dasharray="2 2"></path> <path d="M52 194H792" stroke="#00001A" stroke-opacity="0.15" stroke-dasharray="2 2"></path> <path d="M52 280.5H792" stroke="#00001A" stroke-opacity="0.15" stroke-dasharray="2 2"></path> <path d="M52 367H792" 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426.633L645.111 479.033Z" fill="#7A46FF"></path> <path opacity="0.8" d="M645.111 492.2L693.111 492.2L693.111 479L645.111 479L645.111 492.2Z" fill="#00BBFF"></path> <path opacity="0.8" d="M645.111 504.934L693.111 504.934L693.111 492.084L645.111 492.084L645.111 504.934Z" fill="#4476FF"></path> <path opacity="0.8" d="M645.111 625.799L693.111 625.799L693.111 504.532L645.111 504.532L645.111 625.799Z" fill="#06005A"></path> <path opacity="0.8" d="M693.111 297.933H645.111V332.866H693.111V297.933Z" fill="#9DDCE0"></path> <path opacity="0.8" d="M693.111 297.934H645.111V332.867H693.111V297.934Z" fill="#9DDCE0"></path> <path opacity="0.8" d="M729 341L774 341L774 246L729 246L729 341Z" fill="#50037F"></path> <path opacity="0.8" d="M729 357L774 357L774 341L729 341L729 357Z" fill="#EA792D"></path> <path opacity="0.8" d="M729 373L774 373L774 357L729 357L729 373Z" fill="#F5CA27"></path> <path opacity="0.8" d="M729 447L774 447L774 373L729 373L729 447Z" fill="#7A46FF"></path> <path opacity="0.8" d="M729 463L774 463L774 447L729 447L729 463Z" fill="#00BBFF"></path> <path opacity="0.8" d="M729 480L774 480L774 463L729 463L729 480Z" fill="#4476FF"></path> <path opacity="0.8" d="M729 626L774 626L774 480L729 480L729 626Z" fill="#06005A"></path> <path opacity="0.8" d="M774 212H729V246H774V212Z" fill="#9DDCE0"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="79.5202" y="639.528">2019</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="85" y="616.264">0.5</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="171" y="601.264">1</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="254" y="587.264">2</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="336" y="549.264">4</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="418" y="500.264">7</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="497" y="429.264">11</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="579" y="357.264">15</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="662" y="289.264">19</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="744.299" y="204.264">24</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="748.488" y="232.264">x</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="749.408" y="301.264">6</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="750.447" y="352.264">1</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="750.447" y="459.264">1</tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="750.447" y="370.264">1</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="750.447" y="477.264">1</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="750.236" y="414.264">5</tspan> </text> <text fill="white" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="749.484" y="561.264">9</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="161.344" y="639.528">2020</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="244.333" y="639.528">2021</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="326.35" y="639.528">2022</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="408.725" y="639.528">2023</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="490.554" y="639.528">2024</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="573.456" y="639.528">2025</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="655.461" y="639.528">2026</tspan> </text> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="738.04" y="639.528">2027</tspan> </text> <mask id="mask1_2088_3517" style="mask-type:luminance" maskUnits="userSpaceOnUse" x="28" y="653" width="777" height="61"> <path d="M805 653H28V714H805V653Z" fill="white"></path> </mask> <g mask="url(#mask1_2088_3517)"> <path d="M109.5 661.5H102.5V668.5H109.5V661.5Z" fill="#50037F" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Inter" font-size="12" letter-spacing="0em"> <tspan x="118" y="669.227">Listed equity</tspan> </text> <path d="M219.5 661.5H212.5V668.5H219.5V661.5Z" fill="#EA792D" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="228" y="666.528">Unlisted equity</tspan> </text> <path d="M340.5 661.5H333.5V668.5H340.5V661.5Z" fill="#F5CA27" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="349" y="666.528">Other equity</tspan> </text> <path d="M447.5 661.5H440.5V668.5H447.5V661.5Z" fill="#7A46FF" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="456" y="666.528">Investment funds</tspan> </text> <path d="M581.5 661.5H574.5V668.5H581.5V661.5Z" fill="#00BBFF" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="590" y="666.528">Bonds</tspan> </text> <path d="M653.5 661.5H646.5V668.5H653.5V661.5Z" fill="#4476FF" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="662" y="666.528">Home equity</tspan> </text> <path d="M268.5 685.5H261.5V692.5H268.5V685.5Z" fill="#06005A" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="277" y="690.528">Other Financial Assets</tspan> </text> <path d="M429.5 685.5H422.5V692.5H429.5V685.5Z" fill="#9DDCE0" stroke="white"></path> <text fill="black" fill-opacity="0.7" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="438" y="690.528">Other tokenisable assets</tspan> </text> </g> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="357.641" y="360.264">10-year </tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="344" y="374.264">CAGR:=62%</tspan> </text> <text fill="#414346" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="70.7266" y="735.446"> HSBC; The 10x potential of tokenisation</tspan> </text> <text fill="#414346" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" font-weight="bold" letter-spacing="0em"> <tspan x="28" y="735.446">Source:</tspan> </text> </g> <path d="M816.5 0.5H4.5V746.5H816.5V0.5Z" stroke="#E1E3E6"></path> </g> </g> <defs> <filter id="filter0_d_2088_3517" x="0" y="0" width="821" height="755" filterUnits="userSpaceOnUse" color-interpolation-filters="sRGB"> <feFlood flood-opacity="0" result="BackgroundImageFix"></feFlood> <feColorMatrix in="SourceAlpha" type="matrix" values="0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 127 0" result="hardAlpha"></feColorMatrix> <feOffset dy="4"></feOffset> <feGaussianBlur stdDeviation="2"></feGaussianBlur> <feComposite in2="hardAlpha" operator="out"></feComposite> <feColorMatrix type="matrix" values="0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.25 0"></feColorMatrix> <feBlend mode="normal" in2="BackgroundImageFix" result="effect1_dropShadow_2088_3517"></feBlend> <feBlend mode="normal" in="SourceGraphic" in2="effect1_dropShadow_2088_3517" result="shape"></feBlend> </filter> <clipPath id="clip0_2088_3517"> <rect width="821" height="747" fill="white"></rect> </clipPath> </defs> </svg> </div> </article> </div> <h2 class="coh-heading ssa-component coh-component ssa-component-instance-a737db99-59f1-4bcb-8fe5-10bc35ef5abc coh-component-instance-a737db99-59f1-4bcb-8fe5-10bc35ef5abc dark-heading align-text-left coh-style-cfa-margin-bottom-lg ssa-instance-7bf440cf260a218c75508b12582d5aba coh-ce-cpt_heading-b45c50fc" > Where do CBDCs come in? </h2> <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-d81456b1-b006-4dc2-899e-f51dd14edac0 coh-component-instance-d81456b1-b006-4dc2-899e-f51dd14edac0 coh-style-text-color-light-background ssa-instance-81327d3acf57d27b23f9bef8dd5a48c2 coh-ce-cpt_text-e4a5f5e1" > <p>The efficiency gains on offer from tokenization depend on the development of a digital ecosystem – or vice versa. At present, conversions between digital assets and traditional fiat currencies can be cumbersome and expensive. The volatility of Bitcoin and other cryptocurrencies also make them poor stores of value. That is where CBDCs could play a role.</p> <p>Stablecoins, which are typically pegged to a fiat currency, currently serve as a bridge between the traditional financial system and the world of digital assets. Instead of continually transferring between digital and fiat currencies, investors can settle trades in stablecoins like USDt from Tether and USDC from Circle, which are designed to maintain their value against the US dollar.</p> <p>Stablecoins, however, have a somewhat dubious track record. Tether in 2021 paid a USD41 million fine after the U.S. Commodity Futures Trading Commission concluded the company <a href="https://www.cftc.gov/PressRoom/PressReleases/8450-21" target="_blank">misrepresented its reserves</a>. Circle’s stablecoin <a href="https://finance.yahoo.com/news/bitcoin-ether-gain-u-regulators-100421190.html" target="_blank">lost its dollar peg</a> briefly in 2023 after the failure of Silicon Valley Bank, which held USD3.3 billion of its reserves.</p> <p>“Until they fix problems with safekeeping and the transparency of reserves, the financial industry is unlikely to widely embrace stablecoins,” said Fines.</p> <p>Commercial banks have stepped in to bridge this gap. JP Morgan, reportedly already processes over <a href="https://www.ft.com/content/fa673b94-7f7b-45a2-8754-6a83619ed6e1" target="_blank">USD1 billion daily</a> in tokenized assets, typically using the firm’s own digital “coin”.</p> <p>CBDCs, however, could displace these private initiatives by providing a trusted, liquid and easily convertible store of value for digital asset transactions.</p> <p>Some CBDC pilots have hinted at this potential. In what is billed as the first of its kind, the <a href="https://www.eib.org/en/press/all/2021-141-european-investment-bank-eib-issues-its-first-ever-digital-bond-on-a-public-blockchain" target="_blank">European Investment Bank (EIB) issued a EUR100m digital bond</a> using a public blockchain in 2021. The transfer of funds from the underwriting banks to the EIB was done in CBDC, as part of a pilot project with the Banque de France.</p> <p>As the level of tokenization increases, demand for a standardized and trusted digital currency to complete transactions can also be expected to rise.</p> </div> <h2 class="coh-heading ssa-component coh-component ssa-component-instance-52d5d889-8c56-4fe6-b5dd-53815fe91483 coh-component-instance-52d5d889-8c56-4fe6-b5dd-53815fe91483 dark-heading align-text-left coh-style-cfa-margin-bottom-lg ssa-instance-ade9b31ebfe70f707742962eb9c628b2 coh-ce-cpt_heading-b45c50fc" > A tokenized future </h2> <div class="coh-container ssa-component coh-component ssa-component-instance-885a0955-942d-4e22-834c-72945e24c56f coh-component-instance-885a0955-942d-4e22-834c-72945e24c56f ssa-instance-fc9b52d8a9cf7a59027df35767fdf82d coh-ce-cpt_vector_image-e5db883e" > <article class="media media--type-vector-image media--view-mode-full"> <div> <svg 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style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="38.25" y="434.954">Real estate</tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="391.439" y="459.44">Increased liquidity</tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="598.227" y="459.44">New markets</tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="474.723" y="196.217">Small and micro-investors </tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo Sans" font-size="12" letter-spacing="0em"> <tspan x="467.316" y="210.5">can participate in the market</tspan> </text> <text fill="black" xml:space="preserve" style="white-space: pre" font-family="Azo 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182.365 241.44 179.268C234.48 176.173 231 172.394 231 167.932V127.981C231 123.586 234.513 119.824 241.54 116.695C248.566 113.565 257.041 112 266.965 112C276.889 112 285.364 113.565 292.39 116.695C299.417 119.824 302.93 123.586 302.93 127.981V167.932C302.93 172.394 299.45 176.173 292.49 179.268C285.53 182.365 277.022 183.913 266.965 183.913Z" fill="#4476FF"></path> <path d="M301.012 183.706C297.602 183.706 294.398 183.059 291.399 181.765C288.4 180.471 285.791 178.715 283.573 176.497C281.355 174.28 279.599 171.672 278.304 168.673C277.01 165.676 276.363 162.472 276.363 159.063C276.363 155.654 277.01 152.451 278.304 149.453C279.599 146.454 281.355 143.846 283.573 141.629C285.791 139.411 288.4 137.655 291.399 136.361C294.398 135.067 297.602 134.421 301.012 134.421C304.422 134.421 307.626 135.067 310.625 136.361C313.624 137.655 316.232 139.411 318.451 141.629C320.669 143.846 322.426 146.454 323.72 149.453C325.014 152.451 325.66 155.654 325.66 159.063C325.66 162.472 325.014 165.676 323.72 168.673C322.426 171.672 320.669 174.28 318.451 176.497C316.232 178.715 313.624 180.471 310.625 181.765C307.626 183.059 304.422 183.706 301.012 183.706Z" fill="#4476FF"></path> <path d="M301.012 178.777C306.517 178.777 311.18 176.868 315 173.048C318.82 169.228 320.731 164.567 320.731 159.063C320.731 153.56 318.82 148.898 315 145.079C311.18 141.259 306.517 139.35 301.012 139.35C295.507 139.35 290.845 141.259 287.024 145.079C283.203 148.898 281.293 153.56 281.293 159.063C281.293 164.567 283.203 169.228 287.024 173.048C290.845 176.868 295.507 178.777 301.012 178.777Z" fill="white"></path> <path d="M301.012 148.771L292.097 153.918V164.21L301.012 169.356L309.928 164.21V153.918L301.012 148.771Z" fill="#06005A"></path> <path d="M97.2053 200H81.4453V203.88H87.2453V209H91.4453V203.88H97.2053V200Z" fill="#4476FF"></path> <path d="M91.4453 219V210.92H87.2453V219H91.4453Z" fill="#4476FF"></path> <path d="M100 208.5C100 209.881 95.299 211 89.5 211C83.701 211 79 209.881 79 208.5C79 207.119 83.701 206 89.5 206C95.299 206 100 207.119 100 208.5Z" fill="#4476FF"></path> <path d="M98.7885 208.143C98.7885 209.129 94.6299 209.929 89.5 209.929C84.3701 209.929 80.2115 209.129 80.2115 208.143C80.2115 207.157 84.3701 206.357 89.5 206.357C94.6299 206.357 98.7885 207.157 98.7885 208.143Z" fill="white"></path> <path d="M97.2053 200H81.4453V203.88H87.2453V209H91.4453V203.88H97.2053V200Z" fill="#4476FF"></path> </svg> </div> </article> </div> <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-fc54eb81-d8ce-4278-82a8-fa66b75eecbe coh-component-instance-fc54eb81-d8ce-4278-82a8-fa66b75eecbe coh-style-text-color-light-background ssa-instance-f8393079b08e4fcdbbd32fe5b710e08a coh-ce-cpt_text-e4a5f5e1" > <p>Within the domain of financial services itself, tokenization proponents urge that wide adoption would also cut costs for services like equity indexing, portfolio management, or the creation of highly personalized investment products, making financial services more attractive, accessible and secure – by virtue of automating greater portions of the value chain of asset management operations.</p> <p>And, as with open banking or embedded finance, tokenization could widen the door for more kinds of companies to enter the financial arena and offer asset services, boosting financial competition.</p> <p>As discussed previously, CBDCs come with privacy challenges that may make them less attractive for consumer use. But that same level of transparency could make them ideal for settlement between financial institutions. And if the projections for adoption prove correct, a wholesale CBDC could serve as the rails for a future financial system where trillions of dollars of tokenized assets flow seamlessly and securely between market participants each day.</p> <p><em><strong>Discover more insights. Explore the other articles in this series:</strong></em></p> <ul> <li><a href="/insights/articles/the-fourth-kind-of-money" data-entity-type="node" data-entity-uuid="132e1c26-f6ff-4621-aea2-8b15572cf00e" data-entity-substitution="canonical" title="The fourth kind of money: Where CBDCs fit in the global monetary system">The fourth kind of money: Where CBDCs fit in the global monetary system</a></li> <li><a href="/insights/articles/code-is-law-why-design-matters-in-the-introduction-of-cbdcs" data-entity-type="node" data-entity-uuid="4c5731c5-78d4-48fd-928e-350f2d8aeeb8" data-entity-substitution="canonical" title="Code is law: Why design matters in the introduction of CBDCs">Code is law: Why design matters in the introduction of CBDCs</a></li> <li><a href="/insights/articles/cbdcs-and-the-concept-of-trust" data-entity-type="node" data-entity-uuid="f7d73df3-0824-499d-a37f-3570f73e6b3a" data-entity-substitution="canonical" title="CBDCs and the concept of trust">CBDCs and the concept of trust</a></li> </ul> <p> </p> <p><a href="/insights/articles/digital-innovation" data-entity-type="node" data-entity-uuid="e6b46b66-3411-4dc2-ac63-f296a46f1668" data-entity-substitution="canonical" title="View All [Digital Innovation]">View more Digital, Data and Technology stories</a></p> </div> </div> </div> </div> <div></div> </div> </div> </div> </div> <div class="coh-container coh-ce-3c1b94cd" > <div> <div class="coh-container ssa-component coh-component ssa-component-instance-db7ec729-6a56-4ada-a388-5efc89c311f8 coh-component-instance-db7ec729-6a56-4ada-a388-5efc89c311f8 match-height No ssa-instance-e7e86a76bb3d36bd1a72ca467f687f0b coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <div class="coh-container ssa-component coh-component ssa-component-instance-dab53c45-8f40-4b36-b572-d3be5c8e77df coh-component-instance-dab53c45-8f40-4b36-b572-d3be5c8e77df match-height background--bleed 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<div class="coh-container ssa-component coh-component ssa-component-instance-5d9ba810-09d4-453a-a869-0f771a391f6c coh-component-instance-5d9ba810-09d4-453a-a869-0f771a391f6c match-height background--bleed ssa-instance-7d51adf091d4d1949a63290f315b9aa1 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <div class="coh-container ssa-component coh-component ssa-component-instance-65f3272f-ef1f-483b-a956-ca5a1ea1abbe coh-component-instance-65f3272f-ef1f-483b-a956-ca5a1ea1abbe right ssa-instance-6d7997b031b2bdcc262567ca4dc784e0 coh-ce-cpt_text_and_image-3ee86604" > <div class="coh-container ssa-component coh-component ssa-component-instance-65f3272f-ef1f-483b-a956-ca5a1ea1abbe coh-component-instance-65f3272f-ef1f-483b-a956-ca5a1ea1abbe ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda coh-ce-cpt_2_column_layout-228dfee8" > <div class="coh-container coh-container-boxed" > <div class="coh-row coh-row-bleed-xl coh-row-visible-xl" data-coh-row-match-heights="[]"> <div class="coh-row-inner ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda coh-ce-cpt_2_column_layout-8364854d"> <div class="coh-column ssa-instance-ee8b9b4897989b1d9aa9dc763bfd5bda coh-ce-cpt_2_column_layout-1f4e3db coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-12 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-6 coh-col-xl-push-0 coh-col-xl-pull-0" > <div class="coh-container ssa-instance-6d7997b031b2bdcc262567ca4dc784e0 coh-ce-cpt_text_and_image-24848c8a" > <h2 class="coh-inline-element coh-style-cfa-margin-bottom-lg coh-style-headline-200 coh-style-cfa-margin-bottom-lg ssa-instance-6d7997b031b2bdcc262567ca4dc784e0 coh-ce-cpt_text_and_image-611fecc7">Want to learn more about Data science?</h2> <div class="coh-wysiwyg coh-style-paragraph-100 coh-style-cfa-margin-bottom-lg ssa-instance-6d7997b031b2bdcc262567ca4dc784e0 coh-ce-cpt_text_and_image-f89f3c91" > <p><span>With the advent of data science, 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