Mr. Myles O'Grady:

I will try to answer Deputy Spring's question. The agreement with NAMA was to transfer the loans off the legal books of AIB to NAMA. This was done with an average haircut of 55%. After that point, management of the loans became the responsibility of NAMA. The haircut taken by AIB reflected a fair value of the loans at a point in time and there is no agreed mechanism with NAMA for a flow back of value to AIB in the event that NAMA outperforms a recovery of the loans to the point where it receives more than the 55% haircut.