Mr. Greg Dempsey:

I will run through it. The losses are absorbed in accordance with the normal insolvency hierarchy until they are fully absorbed. First are the shareholders, and they are followed by junior debt, all senior debt, bondholders and other creditors. If there are still losses, we move to deposits and, ultimately, we could get to retail deposits. Eventually, we would reach covered deposits but, of course, they will not be bailed in. However, the DGS fund would cover it. However, because it would be preferenced, it is pretty unlikely we will get there. After we have absorbed losses up to 8% of the balance sheet, we can, instead of imposing losses at whatever level we have got to at that stage, look to the fund for an amount equal to 5% of the institution's balance sheet. After 5% has been provided by the fund, and in exceptional circumstances-----