Written answers
Wednesday, 5 March 2014
Department of Finance
National Treasury Management Agency Bond Issues
Michael McCarthy (Cork South West, Labour)
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51. To ask the Minister for Finance to outline the average length of time it takes to access funds from an An Post bond; and if he will make a statement on the matter. [11063/14]
Michael Noonan (Limerick City, Fine Gael)
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The National Treasury Management Agency (NTMA) has advised that the average length of time taken to process repayments from State Savings products is currently 5 working days. This is within the published repayment notice period of 7 working days for State Savings products other than the Deposit Account Plus where the repayment notice period is 30 days.
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