Mr. Eddie Cullen:

Taking it from back to front, I said in my opening statement that we take a long-term view. We have had long-term relationships with our farmer customers and that is where we stand in terms of price volatility. The question was posed as to how far out we would go in that regard. I listened with interest to the presentation by the representatives of Ornua, and I agree with their analysis. We do not anticipate that prices will recover in 2016. Our modelling goes out to 2017. We are ready and working with the farmers. I will hand over to Ms Byrne in a moment, who will provide details on our toolkit. At this point, a very small number of farmers, numbering fewer than five, have contacted us with a view to accessing our toolkit. We expect that will change as we move into 2016 and get into spring production. Right now, in 2015, farmers' cashflow is not too bad. We all understand the reasons for that, but we are ready, willing and able to support farmers in the spring of 2016 when things change. We expect that could be a medium-term phenomenon, but we believe the long-term prospects for dairy remain good, as Ornua argued earlier. The global demand dynamics are still positive for the industry. As a bank that has been involved in agriculture for many decades, whether it is dairy, pig, poultry or tillage farming, we know that this is a cyclical industry. Banks have to be ready to stand by and support their farmer customers in periods such as this. That support is not short term; it is long-term support.

We are not currently part of the SBCI, and I do not want to say too much about it because discussions are ongoing. I expect that Ulster Bank will be making some announcements in that regard in the shorter term, but I do not want to front-run those announcements here today. I will now ask Ms Byrne to comment on the toolkit and the specific working capital supports available.