Mr. Seamus McCarthy:

I should point out that in relation to the 206 loans, the lending that was guaranteed was to the value of €12.6 million, but most of those loans, even though they may not have qualified to be covered by the scheme, were good loans. The amounts were repaid and there was no expense. I do not wish to give the impression there was a loss of €12.6 million. That is not the point. It is about the eligibility for the cover. It is almost like an insurance cover.