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

Okay. All right. Moving on. The other two matters I want to deal with you is that evidence has been provided to this inquiry to the effect that a discount of 5.2% was applied to the long-term value of properties to provide for due diligence, 0.25%, and enforcement costs of 5%, making up the total of the 5.25% of enforcement costs incurred or likely to be incurred by NAMA. In your dealings with the Irish banks, how would you rate the extent to which the banks sought robust legal documentation? And was reliance on solicitors' undertakings commonplace or rare in your experience?