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Paragraph 16 Derivative contracts

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Where, in respect of any derivative contract included in Form 17, assets have been transferred to or for the benefit of a company by way of variation margin there shall be stated by way of supplementary note to Form 17—

(a)

the aggregate amount of any liability to repay such assets or equivalent assets;

(b)

for each line in Form 13, the amount included in respect of such assets; and

(c)

to what extent any amounts included in Form 13 have taken account of any requirement to repay such assets or equivalent assets.