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cross product netting

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cross product netting

(230for the purpose of BIPRU 13 (The calculation of counterparty risk exposure values for financial derivatives, securities financing transactions and long settlement transactions)) the inclusion of transactions of different product categories within the same netting set pursuant to the rules about cross-product netting set out in BIPRU 13.[Note: Part 1 of Annex III of the Banking Consolidation Directive (Definitions)]230

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