Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Effectively, it is a weighted cost, including ECB funding, that is bringing it down. Returning to Mr. Duffy's point, am I correct in saying that under the insolvency procedure, when it is secured debt, a personal insolvency practitioner is appointed and 65% of the creditors must agree to the arrangement? With the unsecured debt, I thought there was some provision that 50% of the unsecured creditors also had to agree. If there were a situation where, for example, one had both secured debt and unsecured debt and let us assume they are totally separate where the secured debt is with the bank and the unsecured debt is with the credit union, which typically will happen at the end, do the unsecured creditors have to agree to the measure as well?