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

Okay. Can I just bring up there, a slide here, okay? The next document coming up, Mr. Merriman, relates to its EBS Building Society minutes of the board meeting held on 17 November 2008. So, it's the minute relating to the same date of the earlier transaction. And if I can just bring you to the second column to the right and just take you down some of the language here:

Fidelma Clarke outlined the basis of two proposals in relation to Treasury limits and programmes arising from the implementation of the Government Guarantee Scheme. Papers had been circulated prior to the meeting.

And then talks about the counterparty limits of the institutions that EBS now would engage with as part of this cross transactions:

The Board resolved to

(a) increase the counterparty credit limits for AIB, Anglo, Bank of Ireland, IL&P and INBS to €200m, with the quantum increase above credit limits exclusively available for issuance covered under the terms and period of the government guarantee scheme.

I just want to refer to two institutions there. We have it on record here that the NTMA had such concerns with regard to Irish Nationwide ... INBS, that they wouldn't put a brass farthing into them and wouldn't do so for years. And at Anglo Irish Bank, that the NTMA had similar concerns about and wouldn't ... would only put money in there when they actually received direction from the Minister for Finance in writing to do so. Had you any concerns with putting money into INBS or Anglo?