Mr. Cormac Ryan:

Every portfolio is different. I will repeat what I said at the beginning. The discretion we have and the ways in which we can behave in respect of reperforming loans - and 98% of loans are performing as per their terms - are extremely limited. We have to follow the original loan agreement, the alternative restructuring arrangement, the CCMA codes, and the consumer protection code. All of these are, rightly, extremely tight because we consider consumer protection to be quite important in this country. There are very few things we can do that would give us a lot of discretion. I do not expect that the process we run will be very different from that of Permanent TSB and I expect it will be very similar to those of other banks and other servicers. This all goes back to my point that we have to operate within the twin tracks of the protections offered by the legal contract underpinning the loan and the protections offered by the Central Bank and its consumer protection codes.