3.31 Once FPSL had asked the Prison Service to consent to the refinancing, this placed the Prison Service in a strong position to negotiate over those aspects of the refinancing about which it was concerned. As explained in Part 1 of this report, the Prison Service did not agree to give its consent to the refinancing until it had received an offer from FPSL of compensation consistent with the Service's estimate, based on cautious assumptions, of the extra financial risk it would bear in respect of increased termination liabilities.