17. National Loans (Winding Up) Account

National Debt of Ireland

When a National Loan, Stock or Government Bond is due for redemption, the full amount outstanding is payable to the holder. Amounts not claimed by the holder at the redemption date are transferred into this account by a payment from the Exchequer. Any future claims which are made in relation to these matured loans are therefore met from this account. This account also includes balances which were held by the Central Bank of Ireland and the Department of Finance as Paying Agents in respect of uncashed redemption payments, and which were transferred to the Agency.

Account of Receipts and Payments 2015
€'000
2014
€'000
Balance at 1 January 3,075 3,089
Receipts from Exchequer 707 75
Receipts from Central Bank Account 63 69
Payments to Central Bank Account (69) (102)
Payments for Redemption of National Loans (655) (56)
Balance at 31 December - Cash with Central Bank of Ireland 3,121 3,075

< PREVIOUS NOTE

NEXT NOTE >