CA-6.4.22

Past version: Effective from 01 Apr 2008 to 31 Dec 2011
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To qualify for the treatment above, the conditions provided in paragraph CA-6.4.19 must be satisfied. Additionally, the funds advanced by the bank to pay holders of the capital market instruments (e.g. commercial paper) when there is a general market disruption must be secured by the underlying assets, and must rank at least pari passu with the claims of holders of the capital market instruments.

Apr 08