Mr. Ian Black:

Not yet. The €70 million is a little like an overdraft limit. It is the total that the company has been approved for in terms of facilities from SBCI. The amount drawn goes up and down as a result of how much invoice discounting, factoring or funding it is providing to its SME clients. That amount has not been fully drawn down. Due to the nature of the product, we have slightly changed it from an operations point of view to allow the company, the on-lender, once a month to repay or draw down additional funding, in line with the level of business it is writing. The reason is that to the extent it has too much funding the money might be left in a bank account, and with negative interest rates it does not make sense for Bibby Financial Services Ireland or any on-lender to have large funds earning negative rates.