Mr. Ian Black:

The money can only be used for eligible purposes which is for lending to SMEs. Details of those loans have to be provided by the on-lender to SBCI to ensure that happens. In addition, we also have third party on-lender reviews. We have an external party, in this case KPMG, doing external reviews of the on-lenders to ensure their loan reporting is correct and agrees with the online records, as well as complying with any covenants or conditions attached to those loans. We are happy and satisfied that the loans are being used only for eligible purposes.

We are not focused on the on-lenders. We are very much focused on delivering benefits to the SMEs and making sure that the benefit in terms of the lower interest rate is being passed on to them.