But the big driver for us and what we feel has been enabling us to meaningfully move down our SCB towards the 5% area that we've been discussing is really attributable to the on-balance sheet investments.

Source: https://seekingalpha.com/article/4618138-goldman-sachs-group-inc-gs-q2-2023-earnings-call-transcript?source=feed_all_articles

For corporate buyers and suppliers alike, Fiducia strengthens cashflow without materially impacting client on-balance sheet loan profiles.

Source: https://allafrica.com/stories/202306030018.html

"This shows that probably the puts were on-balance purchased," Amberson said.

Source: https://www.channelnewsasia.com/business/arm-holdings-options-draw-robust-trading-volume-shares-slide-3780331?cid=cna_flip_070214