Do You Put a Multiple on the Ibita?

The vast majority of transactions that we deal in, its a multiple of ibit. The reason is simple. If a buyer is going to place a multiple on ba in their not holding in the p an o, any dollar amount that would go to w the servicing adviser for that business, if something catastrophic happened to that buyer, there's no available cash f to pay em. In a acquisition, we require the owner to retain a market number.