Mr. Jim O'Keeffe:

Ms Duffy might wish to come in here. There is a three-way agreement with the borrower between us and iCare, the body with which we have partnered alongside the IMHO. We agree with iCare that it will buy the loan and the borrower agrees to sell the loan to iCare. We agree a specific write-down based on several criteria and we will end up writing down the debt to ensure the borrower can stay in their home. iCare then enters into an arrangement with the borrower and the local council. The property will never revert to us.