Mr. Brendan McDonagh:

Absolutely, and I am very conscious of the taxpayer in terms of NAMA. The reality is that we go through processes. We try to get the most up-to-date information we can in terms of deriving the value. The board set a minimum price for the portfolio. The minimum price for the portfolio is not fundamentally based here on what the value of the underlying assets was. It was a difference of opinion about the appropriate discount rate.