Derek Nolan (Galway West, Labour) | Oireachtas source

Reference is made to standard market practice for transition managers' performance and an implementation shortfall. The witnesses will have to forgive me if I butcher the language used, which I am sure is industry terminology. The implementation shortfall appears to refer to a margin which applies when the transition is taking place and the asset is being liquidated. In other words, while one may not get exactly the price one expected, a price within a certain margin is considered okay. Was this information or details of the test used in this regard shared with the bank? Did the bank know what was the National Treasury Management Agency's implementation shortfall guideline within which it would not start asking questions?