# The Postal Administration Rules 2013, Rule 64: Realisation of security by creditor

Extent: E+W

(1) If a creditor who has valued their security subsequently realises it (whether or not at the instance of the postal administrator)—
(a) the net amount realised shall be substituted for the value previously put by the creditor on the security; and
(b) that amount shall be treated in all respects as an amended valuation made by them.

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Source: https://www.legislation.gov.uk/uksi/2013/3208/rule/64 (the official version)
Page: https://openlegislation.uk/postal-administration-rules-2013/rule-64
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.