Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Economy and Funding Requirements: Discussion with NTMA

3:25 pm

Mr. John Corrigan:

We do not have that information because all we see on our screens are the prices at which the paper is traded. The screen-based system does not report the identity of the buyers or sellers. However, it is likely that the profit made by the Central Bank is in the order of billions rather than millions of euro. We are not privy to the precise holdings of the ECB nor do we know precisely when it bought and the price it paid. We have a general idea of when it was in the market and the prices that prevailed at the time. I do not have the profit figure.

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