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Rule 100 Debt in a foreign currencyI1

Scotland

(1)

A relevant funds claim payable in a foreign currency must state the amount of the relevant funds claim in that currency.

(2)

The administrator must convert all such relevant funds claims into sterling at a single rate for each currency determined by the administrator by reference to the exchange rates prevailing in the London market at the close of business on the date the institution entered special administration.

Annotations

Commencement

I1

Rule 100 in force at 19.12.2022, see rule 2