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PIB 4.13.16 Guidance

The positive incentive for an Authorised Firm to call the transaction before contractual maturity as referred in PIB Rule 4.13.15 would be, for example, a situation wherein there is a step-up in cost in conjunction with a call feature or where the effective cost of cover remains the same even if credit quality remains the same or increases.

Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]