Mr. Shane O'Sullivan:

Correct. In summary, we hope that slide No. 1 is explicit enough to show members at a granular level the composition of our submission to the Central Bank. We see that we have reached 26% treatments versus the target of 20% but we caution that the Central Bank will be appointing auditors to visit our bank and other banks and will be evaluating our methodology and interpretation of the guidelines versus the Central Bank methodology.

Equally, we want to show the committee that outside the constraints of the Central Bank methodology we look at issues slightly differently. We are concerned about customers greater than 90 days in arrears but also customers between one and 90 days, and also customers who are not in arrears but who have been on short-term rolling forbearance for months and years. Equally, in the third chart we wish to show the members our commitment and focus to delivering short-term treatments and substantiate it with actual hard facts. I hope that sets out our position.