Mr. Jim O'Keeffe:

The calculation was clearly laid out by the FSBO in terms of how it was to be calculated. To memory, it was on the simple interest basis. We confirmed in writing with the FSPO the calculation we were going to use across it. The FSPO confirmed that that was the calculation we were to use. There was some commentary in the media on whether we were using the correct calculation. However, the FSPO was clear on the detail of how it was to be calculated.