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Previous: CHESAPEAKE ENERGY CORP, 8-K, 1996-07-05 |
Next: INSURED MUNICIPALS INCOME TRUST 202ND INSURED MULTI SERIES, 497, 1996-07-05 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 25, 1996
-------------
(Date of Earliest Event Reported)
CMC SECURITIES CORPORATION II
------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware 33-56778 75-2473215
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
2711 North Haskell
Suite 900
Dallas, Texas 75204
------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
--------------
<PAGE>
CMC SECURITIES CORPORATION II
FORM 8-K
INDEX
PAGE
----
ITEM NUMBER
Item 5. Other Events........................................ 3
Item 7. Financial Statements and Exhibits................... 3
SIGNATURES.......................................................... 3
<PAGE>
ITEM 5. OTHER EVENTS.
------------
Monthly distributions of principal and interest are made with respect to the
outstanding Series of CMC Securities Corporation II's REMIC Pass-Through
Certificates listed below as of the 25th day of each calendar month (each, a
"Distribution Date"). In connection with each Distribution Date for each
outstanding Series, the Trustee receives a report (each, a "Collateral Summary
and Remittance Report") containing certain information regarding remittances
on the collateral underlying the related Certificates. Based on such
information, the Trustee is required to prepare and mail to each
Certificateholder of each outstanding Series on each Distribution Date a
statement to certificateholders (each, a "Statement to Certificateholders")
setting forth certain information regarding the Certificates of such Series as
of such Distribution Date. Relevant information contained in the Collateral
Summary and Remittance Report and Statement to Certificateholders for the JUNE
25, 1996 Distribution Date for each outstanding Series is summarized and
included as exhibits to this filing. Capitalized terms used herein but not
otherwise defined have the meanings set forth in the applicable Pooling
Agreement.
<TABLE>
<CAPTION>
SERIES DESIGNATION DISTRIBUTION OF PRINCIPAL AND INTEREST ON SERIES
------------------ ------------------------------------------------
<S> <C>
Series 1993-2A $1,371,536.85
Series 1993-2B $1,555,865.20
Series 1993-2C $1,584,843.86
Series 1993-2D $1,860,298.89
Series 1993-2E $3,735,183.35
Series 1993-2F $5,007,476.78
Series 1993-2G $3,022,401.07
Series 1993-2H $4,521,680.01
Series 1993-2I $6,122,051.76
Series 1995-A $4,494,920.36
Series 1996-A $4,347,715.46
</TABLE>
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
---------------------------------
(c) Exhibits
<TABLE>
<CAPTION>
Series Exhibit No. Description
------ ----------- -----------
<S> <C> <C> <C>
All 28.1 Collateral Summary and Remittance Report.
All 28.2 Summary of Trustee's Reports to Bondholders.
</TABLE>
SIGNATURES
----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
CMC SECURITIES CORPORATION II
July 3, 1996 By: s/s Phillip A. Reinsch
----------------------------------------
Phillip A. Reinsch - Vice President
<PAGE>
Capstead Mortgage Corporation EXHIBIT 28.1
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-May-96
<TABLE>
<CAPTION>
Deal Reference 93-2A 93-2B 93-2C
-------------- -------------- ---------------
<S> <C> <C> <C>
Beginning Security Balance $71,487,249.96 $84,361,040.00 $139,273,942.42
Loans Repurchased - - -
Scheduled Principal Distribution 64,520.47 79,745.88 137,385.65
Additional Principal Distribution 14,153.93 2,760.98 23,575.88
Liquidations Distribution 842,729.81 948,938.40 568,298.93
Accelerated Prepayments - - -
Losses - - -
Special Hazard Account - - -
Other Funds Collected - - -
-------------- -------------- ---------------
Ending Security Balance $70,565,845.75 $83,329,594.74 $138,544,681.96
============== ============== ===============
Interest Distribution:
Due Certificate Holders $447,555.85 $583,649.38 $854,227.53
Compensating Interest 2,576.75 - 1,355.87
Fees:
Trustee Fee (Tx. Com. Bk.) 804.23 1,054.48 1,740.92
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 17,299.91 - -
Backup for Pool Insurance (Fin. Sec. Assur.) - 24,211.66 -
Special Hazard Insurance (Commerce and Industry) 3,395.64 2,523.68 -
Bond Manager Fee (Capstead) 1,131.88 - 1,740.92
Excess Compensating Interest (Capstead) - - -
Administrative Fee (Capstead) 1,936.15 0.16 5,803.16
Administrative Fee (Other) - - -
Special Hazard Insurance (Aetna Casualty) - - -
-------------- -------------- ---------------
Total Fees 24,567.81 27,789.98 9,285.00
Servicing Fee 24,175.20 26,362.87 36,312.18
Interest on Accelerated Prepayments - - -
-------------- -------------- ---------------
Total Interest Distribution $ 498,875.61 $ 637,802.23 $ 901,180.58
============== ============== ===============
Loan Count 260 279 489
Weighted Average Pass-Through Rate 7.556020413 7.511863 7.371802924
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-May-96
<TABLE>
<CAPTION>
Deal Reference 93-2D 93-2E.A 93-2E.B
--------------- -------------- ---------------
<S> <C> <C> <C>
Beginning Security Balance $106,360,264.46 $66,085,777.05 $161,773,125.70
Loans Repurchased - - -
Scheduled Principal Distribution 495,519.80 298,007.52 155,862.13
Additional Principal Distribution 94,261.12 18,981.25 132,052.58
Liquidations Distribution 663,442.94 447,723.97 1,342,873.81
Accelerated Prepayments - - -
Losses - - -
Special Hazard Account - - 8,867.28
Other Funds Collected - - -
--------------- -------------- ---------------
Ending Security Balance $105,107,040.60 $65,321,064.31 $160,133,469.90
=============== ============== ===============
Interest Distribution:
Due Certificate Holders $605,968.96 $367,893.37 $958,084.20
Compensating Interest 1,104.40 2,207.54 2,576.39
Fees:
Trustee Fee (Tx. Com. Bk.) 1,329.50 715.93 1,752.54
Pool Insurance Premium (PMI Mtg. Ins.) 14,538.87 35,590.09
Pool Insurance (GE Mort. Ins.) 17,124.00 - -
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Commerce and Industry) - - -
Bond Manager Fee (Capstead) 1,551.09 826.07 2,022.16
Excess Compensating Interest (Capstead) - - -
Administrative Fee (Capstead) 3,323.81 2,340.61 5,729.66
Administrative Fee (Other) - - -
Special Hazard Insurance (Aetna Casualty) - - -
--------------- -------------- ---------------
Total Fees 23,328.40 18,421.48 45,094.45
Servicing Fee 30,684.64 18,873.88 43,590.20
Interest on Accelerated Prepayments - - -
--------------- -------------- ---------------
Total Interest Distribution $ 661,086.40 $ 407,396.27 $ 1,049,345.24
=============== ============== ===============
Loan Count 391 242 533
Weighted Average Pass-Through Rate 6.849250589 6.720372943 7.125983942
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-May-96
<TABLE>
<CAPTION>
Deal Reference 93-2F 93-2G 93-2H.1
-------------- --------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $99,786,467.00 $199,669,901.38 $86,140,150.25
Loans Repurchased - - -
Scheduled Principal Distribution 91,825.97 200,315.17 75,700.88
Additional Principal Distribution 8,654.57 49,694.09 13,957.29
Liquidations Distribution 4,288,101.20 1,575,045.97 2,068,486.45
Accelerated Prepayments - - -
Losses - - -
Special Hazard Account - - -
Other Funds Collected - - -
-------------- --------------- --------------
Ending Security Balance $95,397,885.26 $197,844,846.15 $83,982,005.63
============== =============== ==============
Interest Distribution:
Due Certificate Holders $686,188.90 $1,191,856.78 533,854.64
Compensating Interest - 5,489.06 -
Fees:
Trustee Fee (Tx. Com. Bk.) 1,247.35 2,246.29 1,076.76
Pool Insurance Premium (PMI Mtg. Ins.) 28,638.73 - -
Pool Insurance (GE Mort. Ins.) - - 25,325.20
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Commerce and Industry) - - -
Bond Manager Fee (Capstead) - 2,495.87 -
Excess Compensating Interest (Capstead) 2,985.27 - 7,109.41
Administrative Fee (Capstead) - 8,319.87 3,589.17
Administrative Fee (Other) (0.03) - -
Special Hazard Insurance (Aetna Casualty) - - 2,232.47
-------------- --------------- --------------
Total Fees 32,871.32 13,062.03 39,333.01
Servicing Fee 31,573.28 50,325.23 26,918.88
Interest on Accelerated Prepayments - - -
-------------- --------------- --------------
Total Interest Distribution $ 750,633.50 $ 1,260,733.10 $ 600,106.53
============== =============== ==============
Loan Count 330 696 300
Weighted Average Pass-Through Rate 7.456897 7.195951969 7.437015
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-May-96
<TABLE>
<CAPTION>
Deal Reference 93-2H.2 93-2I 93-2I.1
--------------- -------------- --------------
<S> <C> <C> <C>
Beginning Security Balance $ 43,166,344.00 $56,590,749.39 $60,852,562.37
Loans Repurchased - - 264,936.85
Scheduled Principal Distribution 38,053.21 50,138.12 53,204.18
Additional Principal Distribution 5,985.31 2,170.63 2,466.49
Liquidations Distribution 1,513,286.40 1,025,591.41 2,016,558.48
Accelerated Prepayments - - -
Losses - 622,011.55 -
Special Hazard Account - - -
Other Funds Collected - - -
--------------- -------------- --------------
Ending Security Balance $ 41,609,019.08 $54,890,837.68 $58,515,396.37
=============== ============== ==============
Interest Distribution:
Due Certificate Holders $308,060.07 $354,557.50 $374,567.21
Compensating Interest - - -
Fees:
Trustee Fee (Tx. Com. Bk.) 539.62 707.36 760.65
Pool Insurance Premium (PMI Mtg. Ins.) - - -
Pool Insurance (GE Mort. Ins.) 12,388.70 16,090.61 17,890.66
Backup for Pool Insurance (Fin. Sec. Assur.) - - -
Special Hazard Insurance (Commerce and Industry) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) - - 4,928.80
Administrative Fee (Capstead) 413.46 411.47 2,535.56
Administrative Fee (Other) - 25.67 -
Special Hazard Insurance (Aetna Casualty) 1,291.37 1,692.96 1,577.09
--------------- -------------- --------------
Total Fees 14,633.15 18,928.07 27,692.76
Servicing Fee 17,684.59 17,684.59 19,016.48
Interest on Accelerated Prepayments - - -
--------------- -------------- --------------
Total Interest Distribution $ 340,377.81 $ 391,170.16 $ 421,276.45
=============== ============== ==============
Loan Count 139 206 232
Weighted Average Pass-Through Rate N/A N/A 7.386388
</TABLE>
<PAGE>
Capstead Mortgage Corporation
Master Servicing Division
COLLATERAL SUMMARY AND REMITTANCE REPORT
For Month Ending: 31-May-96
<TABLE>
<CAPTION>
Deal Reference 93-2I.2 1995-A 1996-A
-------------- --------------- ---------------
<S> <C> <C> <C>
Beginning Security Balance $68,499,735.96 $144,343,151.97 $102,006,614.87
Loans Repurchased - 186,342.31 -
Scheduled Principal Distribution 56,555.98 113,114.56 91,015.64
Additional Principal Distribution 4,613.41 41,166.61 33,438.44
Liquidations Distribution 872,619.97 3,263,273.69 3,587,948.99
Accelerated Prepayments - - -
Losses - - -
Special Hazard Account - - 11,909.48
Other Funds Collected - - -
-------------- --------------- ---------------
Ending Security Balance $67,565,946.60 $140,739,254.80 $98,282,302.32
============== =============== ===============
Interest Distribution:
Due Certificate Holders $428,994.76 $885,536.69 $616,605.49
Compensating Interest - 5,486.50 6,797.45
Fees:
Trustee Fee (Tx. Com. Bk.) 856.25 1,202.86 1,275.08
Pool Insurance Premium (PMI Mtg. Ins.) 19,767.88 - -
Pool Insurance (GE Mort. Ins.) - 54,128.68 29,377.90
Backup for Pool Insurance (Fin. Sec. Assur.) 3,127.26 - -
Special Hazard Insurance (Commerce and Industry) - - -
Bond Manager Fee (Capstead) - - -
Excess Compensating Interest (Capstead) 4,533.20 - -
Administrative Fee (Capstead) 2,854.09 3,999.54 4,250.33
Administrative Fee (Other) - - -
Special Hazard Insurance (Aetna Casualty) 2,049.28 3,307.86 2,337.65
-------------- --------------- ---------------
Total Fees 33,187.96 62,638.94 37,240.96
Servicing Fee 21,406.18 45,107.33 28,388.28
Interest on Accelerated Prepayments - - -
-------------- --------------- ---------------
Total Interest Distribution $483,588.90 $998,769.46 $689,032.18
============== =============== ===============
Loan Count 254 607 347
Weighted Average Pass-Through Rate 7.515266 7.407541081 7.333676752
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JUNE 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1993-2A
- --------
A 125714AC9 7.25 34,791,000.00 0.000413007 0.010733177 $ 2,004,884.57 2.84 0.057626529
D 125714AD7 7.25 8,535,000.00 0.001949624 0.050666588 2,321,773.90 3.29 0.272029748
E 125714AE5 7.25 28,652,000.00 0.006041667 0 28,652,000.00 40.60 1
F 125714AG0 7.25 10,692,000.00 0.006041667 0 10,692,000.00 15.15 1
G 125714AH8 7.25 16,410,000.00 0.006041667 0 16,410,000.00 23.25 1
H 125714AJ4 7.25 3,006,000.00 0.006041667 0 3,006,000.00 4.26 1
I 125714AF2 7.25 12,057,000.00 0.002128691 0.007642471 4,155,958.37 5.89 0.344692574
J 125714AK1 7.25 2,901,000.00 0.006041668 0 2,901,000.00 4.11 1
KPO 125714AM7 0 772,949.00 0 0.030275814 422,100.39 0.60 0.546090868
LIO 125714AN5 0.00 0.00013988 0
R 125714AL9 7.25 128.00 0.006015625 0 128.00 0.00 1
---------------
$ 70,565,845.23
===============
1993-2B
- --------
2B-A 125714AP0 189,529,000.00 0.002766965 0.00544215 $ 83,329,598.32 100.00 0.439666744
1993-2C
- --------
A-2 125714BB0 6.5 27,680,000.00 0.002042943 0.006641971 $ 10,255,903.17 7.40 0.370516733
A-3 125714BC8 10,312,000.00 0.003052453 0.006641966 3,820,768.86 2.76 0.370516763
A-4 125714BD6 33,521,000.00 0.004816167 0.013806445 25,817,235.64 18.63 0.77018095
A-5 000005CQR 84,357,000.00 0.006143169 0 84,357,000.00 60.89 1
A-R 125714AZ8 1,000.00 0.00614 0 1,000.00 0.00 1
B-1 000007CQR 5,694,392.00 0.005976742 0.00095972 5,534,657.45 3.99 0.971948796
B-2 000008CQR 3,623,203.00 0.005976742 0.000959717 3,521,567.85 2.54 0.971948812
B-3 000009CQR 2,588,003.00 0.005976744 0.000959717 2,515,406.44 1.82 0.971948812
B-4 000010CQR 1,345,761.00 0.005976745 0.000959717 1,308,010.79 0.94 0.971948801
B-5 000011CQR 621,120.00 0.005976736 0.000959718 603,696.83 0.44 0.971948786
B-6 000012CQR 1,138,722.00 0.004371049 0.000701883 809,435.69 0.58 0.710828183
---------------
$138,544,682.72
===============
1993-2D
- --------
A 125714AR6 50,026,000.00
AB 125714AS4 26,754,000.00 0.002567767 0.011785342 $ 11,720,705.13 11.15 0.438091692
B 125714AT2 39,792,000.00 0.005135516 0.023570579 34,864,969.62 33.17 0.876180379
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JUNE 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
C 125714AU9 29,251,000.00 0.005707709 0 29,251,000.00 27.83 1
D 125714AV7 17,072,000.00 0.005707709 0 17,072,000.00 16.24 1
E 125714AW5 1,897,000.00 0.005707707 0 1,897,000.00 1.80 1
F 125714AX3 10,300,365.00 0.005707708 0 10,300,365.00 9.80 1
R 125714AY1 1,000.00 0.00571 0 1,000.00 0.00 1
---------------
$105,107,039.75
===============
1993-2E
- --------
15A 125714BE4 6.75 86,454,000.00 0.003786579 0.007578501 $ 57,543,013.60 25.52 0.665591107
15B 125714BF1 6.75 9,494,478.45 0.003786579 0.007578502 6,319,440.41 2.80 0.665591106
15CPO 125714BG9 0 1,972,695.84 0 0.019035596 1,455,374.22 0.65 0.737759056
15DIO 125714BH7 5,911.86 1.145839042 0.002630306
30A 125714BT1 7 29,444,000.00 0.00073239 0.055544967 2,061,302.65 0.91 0.070007562
30B 125714BL8 5.5 9,738,000.00 0.004583333 0 9,738,000.00 4.32 1
30CIO 125714BM6 1.5 0.00 0.00125 0
30D 125714BU8 7 922,000.00 0.00583333 0 922,000.00 0.41 1
30E 125714BV6 7 29,092,000.00 0.005833333 0 29,092,000.00 12.90 1
30F 125714BW4 7 11,747,000.00 0.005833334 0 11,747,000.00 5.21 1
30G 125714BX2 7 24,409,000.00 0.005833333 0 24,409,000.00 10.83 1
30H 125714BY0 7 21,450,000.00 0.005833333 0 21,450,000.00 9.51 1
30I 125714BZ7 7 13,542,000.00 0.005833333 0 13,542,000.00 6.01 1
30J 125714CA1 40,256,000.00 0.003940171 0 32,403,578.22 14.37 0.804937853
30K 125714CB9 17,252,571.43 0.006457614 0 13,887,247.79 6.16 0.804937852
30NIO 125714BR5 0.00 0.000100706 0
30PPO 125714BS3 0 1,089,658.82 0 0.003844827 881,340.83 0.39 0.808822738
---------------
$225,451,297.72
===============
1993-2F
- --------
A 125714BJ3 222,866,000.00 0.00277698 0.019691572 $ 95,397,884.58 100.00 0.428050419
1993-2G
- --------
2G-A1 125714CR4 59,032,000.00 0.004161182 0.017745545 $ 39,915,958.70 20.18 0.676174934
2G-A2 125714CS2 27,342,000.00 0.003062731 0.006761124 13,779,853.02 6.96 0.503981165
2G-A3 125714CT0 25,200,000.00 0.002059796 0.022761472 9,990,988.65 5.05 0.396467804
2G-A4 125714CU7 15,000,000.00 0.005663293 0 15,000,000.00 7.58 1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CMC SECURITIES CORPORATION II SOURCE: TEXAS COMMERCE BANK EXHIBIT 28.2
BOND BALANCES AND FACTORS JUNE 1996 DISTRIBUTION
Series Cusip Number Coupon Closing Balance Interest Paid Principal Paid Current Balance % of Current Current
Per Class Per $1,000 Per $1,000 Per Class Class Factor
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2G-A5 125714A#2 100,190,000.00 0.005996627 0 100,190,000.00 50.64 1
2G-B1 125714A@4 4,936,000.00 0.005839015 0.000976864 4,801,442.93 2.43 0.972739654
2G-B2 125714B#1 3,701,000.00 0.005839014 0.000976863 3,600,109.47 1.82 0.972739657
2G-B3 125714B*5 1,481,000.00 0.005839014 0.00097686 1,440,627.43 0.73 0.972739656
2G-B4 125714B@3 740,000.00 0.005839014 0.000976865 719,827.35 0.36 0.972739662
2G-B5 125714C#0 1,481,547.00 0.004881573 0.00081666 1,204,847.65 0.61 0.813236198
2G-M 125714A*6 7,403,000.00 0.005839014 0.000976863 7,201,191.67 3.64 0.972739656
2GA3IO 125714CP8 0.00 0.000454165 0
2GA4IO 125714CQ6 0.00 0.000333333 0
---------------
$197,844,846.87
===============
1993-2H
- --------
2H-A1 125714CG8 180,386,000.00 0.002552335 0.011762593 $ 71,721,731.71 57.11 0.397601431
2H-A2 125714CH6 125,000,000.00 0.002766438 0.012749302 53,869,294.32 42.89 0.430954355
2H-A3 125714CJ2 10,485,000.00
---------------
$125,591,026.03
===============
1993-2I
- --------
2I-3IO 125714CL7 0.00 0.000194389 0
2I-A1 125714CE3 237,519,000.00 0.003273976 0.01108838 $122,456,784.59 67.67 0.515566269
2I-A2 125714CD5 130,435,853.00 0.002669494 0.017918127 58,515,396.23 32.33 0.448614356
---------------
$180,972,180.82
===============
1995-A
- --------
A1 125714CV5 82,117,691.00 0.005227993 0.020434901 $ 66,831,542.91 47.49 0.813850732
A2 125714CW3 94,373,113.00 0.004892415 0.020406557 73,907,710.86 52.51 0.783143721
---------------
R 125714CX1 100.00 $140,739,253.77
===============
1996-A
- --------
A 125714CY9 115,119,031.00 0.00541529 0.032351841 $ 98,282,301.45 100.00 0.853745038
R 125714CZ6 100.00 0 0 100.00 0.00 1
---------------
$ 98,282,401.45
===============
</TABLE>
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