Mr. David Duffy:

It is, and that is why we also introduced the two year fixed rate at 3.8% and we encourage customers to avail of it. All our existing customers can switch to that rate which would be a very significant saving right now and they can do so today. We contact our customers and explain that to them. We are trying to manage the transition in the very short term as we have outlined. If all of our variable costs are coming down as we manage them and not all of them are within our control, we will pass on that rate cut to our customers and that is the principles we have set out to borrowers.