Mr. Brendan McDonagh:

NAMA makes judgments on a daily basis on every transaction. They are based on the facts of the situation and the advice we would take from the debtor or receiver regarding whether the person on the other side can deliver. We do not want a situation in which somebody bids on an asset but cannot set out a date on which the finance will be ready. I do not believe there has been a situation in which somebody who had funding and was the highest bidder did not get the asset.