Mr. Cormac Ryan:

If we talk about Glenbeigh going forward, I mentioned earlier that there is a mechanism in the prospectus for eligible debt forgiveness in exceptional circumstances. That might be for a customer in a vulnerable situation or as part of a personal insolvency. We would look at every case on an individual basis and if there is an absolutely exceptional case, we can make a recommendation.

Given that we have no economic interest in the portfolio, the underlying beneficial owner ultimately has to make Glenbeigh Securities whole. We would do the analysis. We would determine that it is an exceptional situation and we would put forward the recommendation. There is a mechanic where, to keep it in simple terms, the beneficial owner would need to say he or she agrees and would need to agree to that sum.