At this juncture, let me place on record my gratitude the Chairperson and the entire Internal Procurement Committee of the Bank for a job well done during the tendering process. We know that the award criteria for this contract went beyond the usual price consideration. It mainly considered the capacity to deliver a quality product within the specified period of 24 months.
Second, risk concentrations can be hidden during normal times and may only manifest themselves during times of stress when activities or instruments that might in normal times have little or negative correlation suddenly become correlated, such as with a market-wide increase in the demand for liquidity as we have seen recently.