Mr. Frank Daly:

First, it is not correct that there was no discussion of the other options. There was, throughout the process. It was whether to sell the portfolio, sell asset by asset out to 2020 or break it up into sectoral or other bundles. In the paper that went to the board on 12 December 2013 there was a reference to the fact that the top five connections amount to 66% of NAMA debt and account for 29% of property assets. There was a discussion around that and if that would be a way of doing it. To go back to a point-----