Mr. Stephen Bell:

The tracker mortgage rate is typically between 1% and 1.25% above the ECB rate. It could be as much as three quarters to a whole percentage point lower than interest rates. As a follow-up to our first appearance before the committee, we showed that the total cost of credit was lower to the customer where there was an economic concession. That does not mean we push one or the other. We simply say these are the choices.