Joan Burton (Dublin West, Labour)
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Question 124: To ask the Minister for Finance the valuation methodology for the transfer of assets to National Asset Management Agency; and if he will make a statement on the matter. [32381/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Eligible bank assets identified for transfer to NAMA will be valued in accordance with the valuation methodology set out in Part 5 of the NAMA Bill 2009 as initiated and contained in draft regulations which were published with the NAMA supplementary documentation on 16 September.

Joan Burton (Dublin West, Labour)
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Question 125: To ask the Minister for Finance the methodology for calculating the fee paid by participating institutions in the bank guarantee scheme; the sums paid to date in 2009 by each of the institutions under the scheme; the liabilities currently covered by the bank guarantee at each institution; the amount of money currently in the Central Bank account dedicated to the receipt of these fees; and if he will make a statement on the matter. [32382/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The methodology for calculating the charge, which is paid on a quarterly basis is:

Joan Burton (Dublin West, Labour)
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Question 126: To ask the Minister for Finance his plans to provide for the extension of the bank guarantee scheme; if he will exclude any of the liabilities currently covered from any such extension, notably dated subordinated debt; and if he will make a statement on the matter. [32383/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Deputy will be aware that it is the Government's intention to put a State guarantee in place for the future issuance of debt securities with a maximum maturity of up to five years. Access to longer-term funding in line with the mainstream approach in the EU is expected to contribute significantly to supporting the funding needs of the banks and to securing their continued stability.

The enactment of the Financial Measures (Miscellaneous Provisions) Act on 26 June 2009 has provided a power to extend the guarantee by order beyond its current expiry date of 29 September 2010. In this regard, work is continuing on the drafting of a scheme, the introduction of which requires EU State aid and Oireachtas approval.

On 16 September last, I published an outline of the main elements of the proposed new guarantee scheme, called the draft Credit Institutions (Eligible Liabilities Guarantee) Scheme or ELG Scheme, which is available on the Department of Finance website. The ELG scheme must be approved in accordance with EU State aid rules and discussions are continuing in this regard with the European Commission. The new scheme will be somewhat more targeted, and in this regard dated subordinated debt or asset covered securities issued after the introduction of the ELG scheme will not be guaranteed either under the ELG scheme or under the Credit Institutions (Financial Support) scheme. A key feature of the ELG scheme will be the ability of covered institutions to access unguaranteed funding.