Mr. Frank Daly:

It is absolutely not correct. I refer the Deputy to my opening statement of this morning and the four points on which we are in disagreement with PIMCO. They all relate to the fact that the involvement of Mr. Frank Cushnahan and the possibility of a success fee being paid him was not brought to our attention, in so far as it related back to April or later in 2013 while he was a member of the NIAC. This was not brought to our attention until the letter was sent to the committee. We were not aware of it. Obviously, we were aware of it after the calls on 10, 11 and 13 March to the effect that it was alleged that Mr. Cushnahan was to receive a success fee, but he had stepped down at that stage. We had no state of knowledge at any time while he was a member of the NIAC that he was involved. If he was-----