Mr. Niall Cody:

At the start, I outlined to Deputy Catherine Murphy how the warehousing system evolved. I think on 20 March 2020, we announced that we were going to suspend normal interest and enforcement. The challenge then for us was that this was under our care and management rules and our care and management facility, but there is a limit to our care and management; we cannot just ignore the law as provided for. That is why we were anxious that the warehousing system would be legislated for. The warehousing system provides the legislation and the rules about who can avail of the warehousing system. So, businesses - these are smaller businesses generally dealt with by our business division and our personal division - are eligible to warehouse debt. For any other case - those are cases in our large cases division or medium enterprise division with a turnover probably in excess of, at the time, €5 million - they have to show that they were adversely affected by Covid in not carrying out their trade to be eligible to get into the warehouse. That sets the framework