Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

To cut to the chase, is there any flexibility at this stage whatsoever to remove certain loans from this transaction? I am referring to loans that have cured since the contract was signed at the end of July and are no longer non-performing. From the end of July to the end of November is four months. As I understand it, loans that have been in arrangements for 12 months where those arrangements have been honoured can migrate from being non-performing to performing, subject to certain conditions. It is almost certainly the case that some loans that were classified as non-performing in July will be deemed to be performing come November. Is there any flexibility to remove cured loans or loans that are well on the way to being reclassified as performing?