Mr. John O'Beirne:

When we refer to "fair value" what we mean is, separate to the compensation amount, paying the cost of money back to the customer for denying them the right to have it at the time. Over the period that they did not have the tracker, as well as providing the redress and paying back the money that belonged to the customer, that is, the interest that they overpaid, we also try to give back the deposit cost of that money. Over some of the period, there were negative interest rates, so the bank would have floored that at 0%. As those amounts were quite low, we put in a minimum amount of 5% of the interest overpaid in all cases.