David Cullinane (Waterford, Sinn Fein) | Oireachtas source

The minutes also read: "The Board noted that PIMCO had advised that the negotiations..". The minutes do not say a new set of negotiations or a different set of negotiations. The earlier point states: "in relation to Project Eagle negotiated by PIMCO's commercial team." It is still all in the context of the success fee. Is it fair to state that the board noted that PIMCO had advised that the negotiations in relation to success fee had commenced in April 2013?