Mr. David Duffy:

Mr. Bernard Byrne who has been working on this will comment later. First, variable rate mortgages and tracker rate mortgages are not related. They do not fund each other, which Mr. Byrne will explain. Second, they do not have any association with the ECB rate. That is not an issue of correlation. What it comes down to is the cost of funding the bank, namely, what it costs to fund to lend and the marginal rates of recovery on that. That is what drives much of this. Mr. Byrne will comment on the specifics of the rates. I will then come back and respond to the Deputy's final comment on rates.