Most of it is –
Derek de Vries – BofA Merrill Lynch
Well, I don’t know, 5% of the 30 billion franc, no, wouldn’t it be 5% of the total?
John Cryan
Of the total. Sorry.
Derek de Vries – BofA Merrill Lynch
Right.
John Cryan
Yes, of the total. Apologies.
Derek de Vries – BofA Merrill Lynch
And it’s not really 5% right, because it’s 5% of 75% or something like that?
John Cryan
Because there’s only about 75% exposed to dollars.
Derek de Vries – BofA Merrill Lynch
My guess, I don’t know if that’s the right number but –
John Cryan
That might even be a bit high now but it’s a decent guess, yes.
Derek de Vries – BofA Merrill Lynch
Okay. So fine. Perfect.
John Cryan
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