The Deputy will appreciate that it is not possible to be specific in relation to the time horizon for the disposal of IBRC assets. A process has been prescribed which will ensure the optimum value is advanced in the disposal of the assets. Following an independent valuation process, the Special Liquidators will sell the assets of IBRC (which are subject to a floating charge which secures IBRC debt to the Central Bank which will be sold to NAMA) to third parties at or above their independent valuation and failing that the Special Liquidators will sell the assets to NAMA at their valuation price. Third parties including loan counterparties and other financial institutions will be given the opportunity to bid for specific portfolios as part of an open and transparent sales process. If after the independent valuation exercise, the value of the assets sold by the Special Liquidators is not sufficient to compensate NAMA for the amount it paid for the net IBRC debt owed to the Central Bank, then the Minister for Finance will reimburse NAMA for the shortfall. However if the value of the assets is sufficient to repay that debt in full, the Special Liquidator will retain surplus assets for the benefit of other unsecured creditors. This process will ensure that a fire sale of assets will not occur. An assessment of the loans will be made by the Special Liquidator and a decision made in relation to how best to maximise the value of the loans.