1.52 One of the Treasury's objectives was to show transparently that the financing obtained represented best value. This was achieved because of the open and clear way in which Exchequer Partnership and Société Générale ran the competition. Three features of the competition were particularly important:
a There were very good communications between Exchequer Partnership, the Treasury and all of their advisers.
b It was clear that Exchequer Partnership was responsible for all of the decisions made but Exchequer Partnership openly consulted with the Treasury and its advisers.
c The basis on which Exchequer Partnership made its decisions was clear.