Commodore, thanks for clearing that up. I was unsure if the 37bp...

Commodore, thanks for clearing that up. I was unsure if the 37bp was still on a floating LIBOR or if it fixed at the original.

So hypothetically if Rams was able to refinance its XCP now at the current LIBOR plus say the 37bp current margin (+12 and +25) the net effect compared to the prospectus would be a 6bp hit on the NIM? As opposed to the 37bp hit as it is now?

Obviously if this was the case it would be very hard for them to achieve I suppose considering the general opinion seems to be now they have extended their XCP they have effectively locked themselves out of that arena for good..... Interesting thought though.