Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Yes. In ... by your report, or by your notes, you say "The final point I made related to the form of the guarantee; an nitial draft had been furnished" and then in brackets "I think by Bank of Ireland" and "was in a form which we thought was too bare; I mentioned that a guarantee had to be read correctly to technical eyes in Foreign Central Banks" and in closed brackets again "I mentioned Peru, Libia (sic), and Russia" and in closing brackets, "We ..." and in AIB's context you're saying "We furnished a more extensive formula", in brackets again, "which we brought with us". So you're proposing, or you're explaining that you came to the meeting that night with a document yourself. Closing brackets again, "as to the sort of instruments and deposits that should be covered" and then in brackets again, "This formula was eventually adopted later in the night pretty well word for word".

Now I'll come back to that in a moment, and maybe Deputy Doherty, who's coming in lead will take that. I just want to establish for the moment ... because when the committee chased up this line of inquiry, a letter came in from AIB on 21 April 2015, addressed to me, on behalf of the committee, stating from ... responding to the direction that we issued for them to get this document, saying that "AIB does not have in its possession any documents containing the formula referred to in 1 above, or the draft guarantee referred to in 2 above". They then ... AIB then go on to say, this is from Derek Hegarty, banking unit inquiry ... or banking inquiry unit ... he goes on to say "In response I confirm that, not withstanding the extensive document review exercise we conducted in response to the direction which resulted in over 47,000 pages of documentation being disclosed to the inquiry on behalf of AIB, we have not located any such documents and I can see no evidence that any such documents were generated using AIB's electronic system". Now can you just explain to the inquiry-----