there are shanker sank properties, -- sacrosanct properties that belong to the customers, and also the securities customer funded, and there are detailed provisions for the cftc act and the sipa act. big distinction and a big difference in and the reason mr. cooke but the fcc has pointed out, some of the securities customers have been paid in full is the existence of the resources of the sipa fund which provides up to $500,000 to cover losses in the accounts. >> is that $500,000 per account? >> yes, sir. >> what is the average account? >> the average securities account at mf global -- i am just doing the calculations in my head -- probably a million dollars or more. commodities accounts, 75% were less than $100,000, and probably 93% of commodities accounts were less than a million dollars. in both cases, there were significant numbers of commodities customers and securities customers who in the last week's transferred there can -- their accounts to other firms. >> why did they do that? was their concern in the marketplace at mf global? >> absolutely, it had been downgraded. >> do you k