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margin lending transaction

    132for the purpose of BIPRU 13 (The calculation of counterparty risk exposure values for financial derivatives, securities financing transactions and long settlement transactions)) transactions in which a person extends credit in connection with the purchase, sale, carrying or trading of securities; the definition does not include other loans that happen to be secured by securities collateral.

    [Note: Part 1 of Annex III of the Banking Consolidation Directive (Definitions)]132