Pearse Doherty (Donegal South West, Sinn Fein)
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Okay. In relation to the security that underpinned some of these loans, and you mentioned in Vol. 2, page 5, table 3 and again Vol. 1, page 4, table 2, where NAMA wrote down €477 million as a result of not being able to ... inadequate security, and then claimed back €334 million from the banks for the same purposes, which totals €811 million of unenforceable securities. I assume, and correct me if I am wrong, that that is at the consideration price, that that is not at the par value.