Mr. Paul Stanley:

To answer the question as to why has this happened, we have moved a batch of legacy customers from an old mortgage system to, in effect, the single mortgage system we have. That is an aspect of the complexities we have had to deal with as part of the tracker mortgage examination. In transferring them over, they moved to the existing terms and conditions for all customers that were already on the new mortgage systems. That is the background.

The intent of this is a force majeureclause. The Deputy pointed it out to me and I thank him for that. I have picked it up separately and would like to respond again to the Deputy on it. The intent is that in the case of extreme events outside the control of the bank, it not be liable for loss. As written, other interpretations could be put on it. I have asked for that to be reconsidered and I will return to the Deputy in respect of it.