257. Deputy Gerry Adams asked the Minister for Finance if he will detail the total amount of ELA debt that was provided to Irish Bank Resolution Corporation as consideration for the Facility Deed with IBRC before its liquidation; if he will confirm that the Anglo Irish Bank Annual Report and Accounts 2010 description of the Facility Deed with the Central Bank of Ireland as an unsecured loan facility guaranteed by him, who separately benefits from a counter indemnity from the bank should the guarantee be called upon is the correct description of this arrangement between the bank and the Central Bank of Ireland up until the liquidation of IBRC; if he will confirm that this Ministerial Guarantee and counter indemnity to honour this guarantee has now been called upon as a result of the IBRC liquidation and NAMA enforcing its security; if he will confirm that the counter indemnity from IBRC to him for the now repayment of National Assets Management Agency bonds issued as consideration for the Facility Deed ELA associated debt is indemnified against all of the assets on IBRC’s balance sheet except those assets which were secured as collateral against the Master Loan Repurchase Agreement and the Special Master Loan Repurchase Agreement between the Central Bank of Ireland and IBRC; and if he will make a statement on the matter. [8286/13]

Summary

257. Deputy Gerry Adams asked the Minister for Finance if he will detail the total amount of ELA debt that was provided to Irish Bank Resolution Corporation as consideration for the Facility Deed with IBRC before its liquidation; if he will confirm that the Anglo Irish Bank Annual Report and Accounts 2010 description of the Facility Deed with the Central Bank of Ireland as an unsecured loan facility guaranteed by him, who separately benefits from a counter indemnity from the bank should the guarantee be called upon is the correct description of this arrangement between the bank and the Central Bank of Ireland up until the liquidation of IBRC; if he will confirm that this Ministerial Guarantee and counter indemnity to honour this guarantee has now been called upon as a result of the IBRC liquidation and NAMA enforcing its security; if he will confirm that the counter indemnity from IBRC to him for the now repayment of National Assets Management Agency bonds issued as consideration for the Facility Deed ELA associated debt is indemnified against all of the assets on IBRC’s balance sheet except those assets which were secured as collateral against the Master Loan Repurchase Agreement and the Special Master Loan Repurchase Agreement between the Central Bank of Ireland and IBRC; and if he will make a statement on the matter. [8286/13]

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• IBRC Liquidation

  xml · EN · 19 February 2013

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