ATC Speaker Terminals. Banana plugs?

Can anyone who owns or has owned ATC loudspeakers tell me how to configure the speaker terminals to accept 4mm banana plugs. I have read the manual which says that 4mm bananas can be used but I have not found instructions on how to do this. The speaker terminals have small plastic red and black ends on the end of the barrel. I am wondering if these have to be removed and then allow the banana plugs to be inserted. Thanks so much.

Yes they have to be removed with a small thin blade

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Just unscrew the knurled nut and then you can pop them off with your finger nail.

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Thanks so much! I suspected that might be the case but wanted to check before trying to remove them.

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