have been introduced after wide consultations with market participants. The success with regard to these products has been disappointing. We look towards primary dealers to be active not only in auctions of fixed rate bonds but also to contribute significantly to popularizing other interest rate products.
(ii) Responsible Bidding: Responsible bidding is expected from PDs and we look to them as providers of valuable information with regard to pricing of the bonds in auctions. I am afraid that our expectations on this count are not fully met at least in some cases.