Mr. Martin Stapleton:

I will take that question. When a farmer gets what we call a "hello" letter from the fund - and I presume it is the same for any other borrower whose loan is sold - engagement is then directed towards the asset management company the fund employs to do business on its behalf. More often than not, the instruction the asset management company has received is that par recovery of debt is the only option available. I think the asset management company was put in place as a regulated entity for engagement, but instead of this system working to the benefit of the borrower, it works to the benefit of the loan owner.