As the altered bill, no longer guaranteed a 100% repayment of the €3.8bn owed for the minimum deposit guarantees, the Dutch and UK governments however opted not to accept the enacted "Icesave bill 1", and continued to block the payment of the second tranche of the IMF loans, and argued they would continue to do so until the Icelandic state were willing to pass a repayment agreement that would guarantee a full repayment of the entire amount of their owings (although they were ready to renegotiate the terms).