Andrew Doyle (Wicklow, Fine Gael)
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Question 141: To ask the Minister for Finance the estimate of funds invested in derivative financial instruments being transferred over to the National Asset Management Agency that are recoverable; and if he will make a statement on the matter. [18114/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by NAMA that many of the loans being transferred to the National Asset Management Agency have derivative transactions (mainly interest rate swaps) attached to them. The estimated notional amounts involved aggregate to about €14 billion. These transactions are valued on a case-by-case basis and individual valuations are added to or deducted from the valuations of the loans to which they are attached. Where derivative transactions are not adequately secured, no consideration will be paid to the participating institution involved.