Mr. David Went:

Okay. I guess we always ... we were always conscious of the risk inherent because every banking business is a risk business. I suppose we, we focused on ... there were two aspects of risk in our business. One was the, the mortgage, you know, the mortgage portfolio and the extent to which there was a cushion in there through loan-to-value ratios and we believed that with an average loan-to-value ratio of 71% at inception, there was a substantial cushion there. And equally we ... on the liquidity side we believed, looking at the way in which we looked at it, you know the two thirds of our funding came from long-term debt, customer deposits which would presume to be sticky, and securitisation which actually matched the tenor of the assets - that's two thirds of that, leaving only one third to be covered through short-term facilities - we concluded that that risk was satisfactory.