I propose to take Questions Nos. 196 to 199, inclusive, together.
I am advised that the sale by NAMA of the Project Eagle portfolio of loans to affiliates of Cerberus Capital Management, L.P. has not yet completed and remains subject to contract. Following the completion of this transaction, NAMA will have a relatively minor exposure as a secured lender to property assets in Northern Ireland, comprising mainly assets owned by debtors from the Republic of Ireland and Britain. As with all NAMA loan sales, decisions relating to loans in the Project Eagle portfolio, including decisions in respect of the underlying collateral held by a debtor or receiver and any associated cases taken by NAMA, are expected to become matters for the new loan note holder. All matters relating to the portfolio of loans, including those set out in the Deputy's questions, are being discussed as part of the closing process and it would be inappropriate for me to comment further at this time.