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Which of the following is NOT true in respect of bilateral close out netting:

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Which of the following is NOT true in respect of bilateral close out netting:

A.

The net amount due is immediately receivable or payable

B.

All transactions are immediatelyclosed out upon the occurrence of a credit event for either of the counterparties

C.

All transactions are netted against each other

D.

Transactions are separated by transaction type and immediately settled separately at each's replacement value

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