David Cullinane (Waterford, Sinn Fein) | Oireachtas source

It has real value.

As the University of Ulster survey was being examined by the NIAC, at some point we had the approach by PIMCO to NAMA. It was on the basis of a short and exclusive process that shifted from what was the thrust of the University of Ulster survey and where it wanted to go to NAMA's established policy in relation to how it was going to dispose of the assets to a loan sale that was about the debtors. That was PIMCO's model.