Brian Lenihan Jnr (Dublin West, Fianna Fail)

An interesting amendment. NAMA, like the National Treasury Management Agency annual report or any bank annual report, will publish the type of derivative, the nominal value of the derivative, the mark to market value of the derivative and all of those values as of the financial account reporting date. NAMA will also publish the maturity date of derivatives by calendar year, for example, 2010, 2011, 2012. All that information will require to be published in the annual report, which is the current practice with the NTMA, but it is not appropriate to publish the name of the counterparty to the agency, whether the counterparty is categorised as a borrower or a lender, in sharing this particular risk in regard to money. It is not appropriate to publish the name of the counterparty as that will be the name of the underlying counterparty. The information will be subject to the approval of the form of the NAMA accounts and audit by the Comptroller and Auditor General. The information in the amendment - the market value, the date of maturity and other information - will be contained in the annual report but the identity of the counterparty to the derivative is not disclosed under current NTMA practice.