Mr. Brendan McDonagh:

There was a two-part process to this. We ran a tender competition under an EU framework in 2011. We appointed a panel, which means that we appointed a European loan sales panel and a US loan sales panel. Lazard got on to the European loan sales panel. Under that framework, one can call from that panel. They have to quote their fees, what they are going to charge. When one calls from that panel, one generally knows what their fees are and they cannot charge more than what they tendered for back in 2011.