Mary Upton (Dublin South Central, Labour)
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Question 20: To ask the Minister for Finance if the letters given by him to certain credit institutions on 30 September 2008, referred to by him in Dáil Éireann on 17 September 2008, were in identical terms as regards each such institution; if those letters remain in effect or have been withdrawn; if he will publish those letters; and if he will make a statement on the matter. [38836/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The written notification to six named financial institutions of the provision by the Government of a guarantee to their deposits and funding, which I referred to as a letter in the course of the debate on the Credit Institutions (Financial Support) Scheme 2008, was published by me on the morning of 30 September and is publicly available on my Department's website. On the 9th of October, I announced the Government was prepared to extend eligibility for participation in the guarantee Scheme to banking subsidiaries in Ireland with a significant and broadbased footprint in our economy.

The terms of the guarantee are set out in the Credit Institutions (Financial Support) Scheme 2008 and individual institutions join the Scheme by executing a guarantee acceptance deed in the form specified by me. The terms of the guarantee Scheme apply to all covered institutions and the form of the guarantee acceptance deed is common to the covered institutions except to the extent that a covered institution has or is a subsidiary and that each pays an individually determined charge factor based on the factors set out at paragraph 16 of the Scheme.