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Bilateral Collateral Substitutions

Bilateral Collateral Substitutions

It is recommended that the counterparties agree collateral substitutions in accordance with their legal agreement and in as timely a manner as possible but no later than an hour before the market deadline. Collateral delivered as a substitution for collateral being withdrawn must adhere to the agreed eligibility schedule and be of sufficient value. (IBP-170 AGREED IN 2017)

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