Mr. Brendan McDonagh:

There was due diligence at the time of acquisition between NAMA and the banks from which we acquired the loans. Subsequently, as part of our engagement with debtors over the subsequent four years, we sought to remedy any gaps in security or title that we might have inherited. All of that documentation is in NAMA's possession and stored in our data room, with controlled access overseen by Lazards. People can only access the data room after signing confidentiality agreements.