Mr. Brendan McDonagh:

Yes. By value, it is well over 70%. By number, it is probably now down to about 55%. In terms of the way that we manage the portfolio, NAMA has 800 debtors, the top 190 of whom are managed directly by NAMA, and the other 600 of whom are managed by the participating institutions, if one assumes that the IBRC was still in place. We are now finding that a lot of those smaller debtors, because they effectively got involved in the speculative buying of land and were not really developers, are consenting to receivership. They no longer want to deal with the assets because the land is never going to be developed, and things like that. One is finding is that a lot with the smaller sized debtors. That is why there has been a decline in number, but if one looks by value, over 70% by value are working consensually with NAMA, which are mainly the NAMA-managed ones.