Seán Fleming (Laois, Fianna Fail)
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At the end of the day, Mr. McCarthy is satisfied with the 5.5% discount rate he has referred to in his document. We have asked NAMA to produce otherwise and there are various references in the documentation to the board to 5.5% and 2.5% and a marginal reference to 10%. We will pursue all those with the board members when they appear again.

We will conclude this session. I thank Mr. McCarthy for his time. We will take a 20 minute break for a quick lunch. Can we agree to conclude by 3.30 p.m.? If there are outstanding issues at 3.30 p.m., we can put them to the officials in writing. We will resume at 1.30 p.m., giving us two hours for the next session.