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So we are admittedly somewhat new whales on the structured product market.

Is that a fair assumption? That is fair.

Let me back that up. You're a new whale. I have used structured products in the

past and the endowment world and my problem with them was that they were always very opaque,

kind of hard to understand, the fees were hard to figure out

there was a kind of a lack of transparency so is that because you were buying the

structure products from the manufacturer yes so we were buying them straight from the banks

...