Mr. Shane O'Sullivan:

It depends on the restructure. For some of the more conventional restructures, such as a term extension or capitalisation, the period in which they have to perform is relatively limited at 12 to 24 months. However, within the treated, one also has the splits. The splits do not come out of NPL, as matters stand at present, for the reasons that we have just discussed.

While we are on the splits, I would make two quick points. These are not time bound to age 65 and we have splits where borrowers over the age of 65 can repay them. Also, these are not all reliant on collateral. The idea is that over the period, between now and the end of the term, we will meet customers on a three-year basis and if times have been good to those customers, it is possible to pay down the warehouse and one is not reliant on the collateral. The problem at the core is that our borrowers have not been charged interest and that is what means these remain non-performing loans.

There is another type of treatment - part capital and interest - which is somewhere between the more conventional term extensions and capitalisation and the splits. These come out over a period greater than 12 or 24 months, but not the full term, and that is dependent on how much of the capital has been parked or not. There is a variety of performance triggers, essentially, depending on the depth of the restructure.