Mr. Stephen Rance:

It has been the case in certain markets that the premium would be passed on in full. The consumer would see it added to the loan and therefore it makes a difference of a few euro a month. We have not seen capital relief come into play in local markets. In the past it has been risk protection and the premium has been charged for that. When we see capital relief for lenders that changes the whole economics of the mortgage, with a lower cost for the lenders and that premium could be absorbed differently.