Ms Ann Nolan:

We were trying to get this ... all these various elements. We needed to make sure the Central Bank was whole, because you couldn't leave the Central Bank with a deficit in it. We'd only have to make that up ourselves. We needed to make sure that the ELA was gone out of the system because that was the objective of the ECB in getting involved in this. We needed to make sure that the promissory note payments were put on a much better position ... a better schedule for the Irish Government so that when we were going back into the market, we wouldn't have this huge borrowing requirement for the promissory note, which would damage our capacity to do business in the market. So they were our ... you know, the solution we got met most of those objectives.