Mr. Brendan McDonagh:

Yes. The executive puts a lot of papers forward to each board meeting. They are put forward for discussion and are discussed and challenged by the board. Not everything the executive puts forward is accepted by the board, and that is the value and role of a good board. All I am saying is that those scenarios were put forward by the executive. Page 146 refers a 10% discount on the collateral. That led to a discussion about why figures of 5.5% or 2.5% were put forward by the executive as appropriate. There was a discussion about the 10% rate. That should have been documented, and then we would not be having this discussion.