I think the reason would relate to the fact that a licence is more of an intangible asset. Its value has less certainty at some point in the future than perhaps a boat may have. The Saulnier decision, as I understand this, recognized the right of the bank to have an independent trustee in bankruptcy realize on that asset and to sell it and to apply the proceeds to whoever had a registered charge on that.
Many of our loans are to business entities, incorporated entities, and the licences are held by the individuals, and so typically we're taking a personal guarantee just by virtue of the fact that we need to get a charge on the licence. But in the absence of the individual declaring bankruptcy, my understanding is that we have no ability to realize on that asset.