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PIB A4.11.16

For the purposes of PIB Rule A4.11.15, short positions in one Security may be used to offset long positions in a non-identical Security issued by the same Issuer if:

(a) both Securities are denominated in the same currency; and
(b) where both Securities are:
(i) fixed rate or index-linked, and are within the same residual maturity time band; or
(ii) floating rate.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]