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A transaction that entails market price risks may be entered into in the absence of...

A transaction that entails market price risks may be entered into in the absence of a market price risk limit...

A.

...only at the discretion of the head of treasury.

B.

...only at the discretion of the head of trading.

C.

...as long a counterparty and issuer limit is in place.

D.

... is not permitted.

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