Mr. Simon Crone:

There are two aspects. In Canada the uptake is lower for a couple of reasons. Canada has had quite a good crisis, in global terms, compared to many other countries. A high level of prudence is applied because the mortgage insurance is required and the mortgage insurers require very high quality originations only to those borrowers who can afford the mortgages because they are putting capital at risk. This means one avoids some of the losses that would occur if there were bad lending practices. The uptake has been very different in other countries. In Ireland we are proud of paying many claims because we have needed to and Ireland has had a very difficult economic period. In countries like Canada there is less uptake, because there have not been as many defaults.