Embedded finance leases have been recognised in respect of IT equipment provided under agreements with external information and communications technology suppliers. The finance lease liability relates to equipment under the agreements. The useful lives of the assets are for fixed terms of between 3 and 6 years. The average interest rate implicit in the leases was 0.99% (2018: 5.40%). Cancellation penalties apply on early termination of the leases. There are no significant contingent rentals.