Mr. Patrick Long:

It is a very good and relevant question. The fact that PIMCO had made an approach for the portfolio, which NAMA viewed as attractive, was a very relevant factor. NAMA wanted to run a marketing process. It had to, and it wanted to, and that was what we were brought in to do. At the same time, NAMA was not aware that the portfolio could be sold in its entirety until PIMCO came along and made the offer it made. While NAMA wanted to run a marketing process, and we did, it did not want a consequence of the marketing process to be that it lost the PIMCO offer.