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  1. Point in time
    2008-04-04

clean profit and loss figure

48(in BIPRU 7.10 (Use of a value at risk model) and in relation to a business day) a firm's actual profit or loss for that day in respect of the trading activities within the scope of the firm's VaR model permission, adjusted by stripping out specified items, as more fully defined in BIPRU 7.10.100 R (Backtesting: Calculating the clean profit and loss).