MTM losses from existing contracts on reporting date aren't contingent; future obligations don't alter their nature. Relevant additions deleted.

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Full Text of the Document

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....Deduction of mark to market losses (MTM) - MTM losses arising out of contractual obligation existing on the reporting date cannot be regarded as contingent or notional in nature and merely because the liability has to be discharged at a future date, the same cannot be regarded so. - Additions deleted.....