Mr. Brendan McDonagh:

There is a formal process each year in the NTMA where you have to go through the counterparty threat limits with the banks and you'd have to get approval of the chief executive. I was a former member on that. It was more, I suppose in terms of the ... NTMA was quite a small organization, we were all on the same floor at the time and there would have been quite interactive discussions between the senior management team in the NTMA about what we were doing in the debt markets and what we were doing with any our ... any deposits we had.