Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if the Special Liquidator of Irish Bank Resolution Corporation will entertain approaches and offers from individual mortgage borrowers to buy out their outstanding loans; and the range of discounts on offer by the Special Liquidator to potential buyers of mortgage lending. [9234/13]

Michael Noonan (Limerick City, Fine Gael)
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There is an obligation on the Special Liquidators to ensure that the assets of IBRC are sold at a price which maximises the overall return for its creditors. As part of the role of the liquidators, the assets of IBRC will be valued independently before being sold. Any assets not sold to third parties (including loan counterparties and other financial institutions) at or above the valuation price will be sold to NAMA at the independent valuation. The Special Liquidators are still in the process of devising and implementing a sales process in respect of IBRC’s assets however it is unlikely that individual mortgage lots will be put up for sale as part of this process.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide a schedule of approved payments where the payment was for a sum in excess of €1 million made by Irish Bank Resolution Corporation for the seven days prior to 4.30 p.m. on 6 February 2013 and to provide a similar schedule for payments made in the seven days from 4.30 p.m. on 6 February 2013. [9235/13]

Michael Noonan (Limerick City, Fine Gael)
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The payments in excess of €1m made by IBRC for the seven days prior and post the liquidation are commercially sensitive matters and therefore I cannot provide such information. It is normal course of practise that payments made by IBRC and the Special Liquidator are conducted under appropriate confidentiality constraints in order to protect the interests of all parties.

Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide a schedule of individuals and companies which the Special Liquidator of Irish bank Resolution Corporation regards as necessary for the ongoing functioning of IBRC during the liquidation period. [9236/13]

Michael Noonan (Limerick City, Fine Gael)
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At this early stage of the special liquidation the Special Liquidators are engaged in intensive processes which involve inter alia, asserting control over the businesses, processes, systems and personnel of IBRC. It is important that focus is placed on assessing, reorganising and restructuring the day–to-day activities of the Bank to meet the primary objective of ensuring the purpose of the special liquidation is achieved, as this is key to ensuring that maximum value is extracted from the liquidation. The schedule of individuals and companies regarded as necessary for the on-going functioning of IBRC during the Liquidation period is a matter for the Special Liquidator and as such I have no role in this matter.