Mr. Nick Ashmore:

No. It is used where it can help us manage the risk the SBCI is taking. We need to manage all of these situations for a common level of risk that is acceptable to the SBCI and that protects Irish taxpayer funds and European investment funds. In some cases it makes sense to use a separate vehicle to ring-fence the funds and ring-fence the underlying loans in order that we can secure on those loans and make sure that we can then recover the funds.