My mortgage was once with the EBS. It was securitised (sold) but I still kept paying the EBS. I assume PTSB will remain the collection agent. What kind of fee is paid for this service or is it part of the (discounted) price sold? So, while it gets the bad loans off its books, it still has staff administering the collections and remaining debt. This, therefore, is a cost to the business.Those loans in arrears are no longer assets of PTSB, so they don't affect the liquidity and solvency of the bank and the banking system.