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  1. Point in time
    2008-07-25

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
  2. (b) (in relation to an OTC transaction) would be acceptable for a similar transaction to the relevant exchange or clearing house.