Jim O'Callaghan (Dublin Bay South, Fianna Fail) | Oireachtas source

So we are talking about €123 million in total provision. To talk about the Bank of Ireland variable interest rate, it is fair to say that, at 4.5%, it is unusually high for a loan-to-value ratio of 90%. One of the concerns that we have as a committee is that if someone is on a fixed rate and the fixed-rate term comes to an end, that person automatically goes onto the variable rate of 4.5% unless he or she writes back to the bank and asks for something different. Is that correct?