Mr. Conor O'Kelly:

Yes. There are a number of charges in respect of that annual fee for managing the money. We appoint in the public procurement process three global asset managers, if you like, to manage three separate tranches of that, and they are paid a fixed fee for doing that. Then we also have a custodian appointed entity, which is Bank of New York Mellon. It was appointed following a public procurement process. In the context of a €14 billion fund, €7 million is quite a modest fee in terms of a percentage of the assets under management and would be quite attractive for the kinds of assets we are talking about.