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Coupons

Coupons

All coupons paid on lent positions should be paid on Pay Date as soon as the claim is received. If coupons are paid on Pay Date, no exposure is created. The beneficial counterparty retains the right to request collate from Record Date. In case coupons are not paid on Pay Date, they should be included in exposure to mitigate the risk. (IBP-187 AGREED IN 2017)

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