Mr. Michael McAteer:

No, and that is one of the contentious issues contained within the assignment.

It would appear the guarantees were signed by a certain number of the directors of Quinn Insurance at the time. The information of which I am aware is that there were a number of directors who did not know of the existence of these guarantees. While I was not involved beforehand, my understanding is that when the former board of Quinn Insurance, which was made up of a number of non-executive directors, became aware of the existence of the guarantees, it immediately contacted the Central Bank. It would appear these guarantees had been in existence for several years before that.