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To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

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approved collateral

    4any form of security for the discharge of any liability arising from a contingent liability investment (other than a guarantee) which:

      1. (a) (in relation to an on-exchange transaction) is acceptable under the rules of the relevant exchange or clearing house; and
      1. (b) (in relation to an OTC transaction) would be acceptable for a similar transaction to the relevant exchange or clearing house.