Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

The promissory note was based on flows back - that is, a discounted value of funds that flowed over a period of time back to a current market value. This has huge significance in terms of the cost of the banking recapitalisation to the State. Was the residual value built into the estimated cost at the time of €34.7 billion? I am sure the delegates understand the point I am raising here.