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    <description>Regulation 19 permits a Banking Unit to exchange margins with a counterparty Banking Unit or overseas regulated entity for non-centrally cleared over-the-counter currency, interest-rate, credit and commodity derivative contracts. Margin may be exchanged in freely convertible currency, permissible listed debt securities or sovereign securities to reflect mark-to-market exposure, subject to a legally enforceable netting arrangement and specifications issued by the Authority.</description>
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