Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Mr. Jeremy Masding:
The rules of NPL the definition say that even if there are two separate contracts, one of which is an NPL, and they are connected through either cross-collateralisation or cross-default, where one is in default and the other is not, it is the connection that becomes the NPL. I am sorry but I do not know what else to say.
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