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How is the required collateral for the interim deductible calculated?

April 26, 2017calculated collateral deductible Interim

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How is the required collateral for the interim deductible calculated?

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The deductible is calculated by multiplying the fraction of eligible worldwide capital by 10 percent. The FBOs receiving the interim deductible should provide collateral equal to or exceeding 100 percent x worldwide capital x 10 percent.