Mr. John Beggs:

Yes. One of the key services that we provided within global treasury was to the corporate and commercial treasury and there we had quite a lot of our clients who were interested in particularly interest rates and exchange rates and, of course, general economic issues. They were importers and exporters, by and large, but over time their interest in exchange ... in interest rates grew as they became more involved in the property market. But we expanded our research in 2004 to start thinking about the housing market and to try and understand what was going on.