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- 01: Alonso 21/11/16 16:43 998.q96mZpSyg
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The federal government is proposing that the amount of atermination payment on a hedge be equal to the fair market valueof that hedge on the termination date. It is also looking intoallowing issuers to keep hedges on bonds when they refinance.Currently, when bonds are refunded, their hedges must beterminated. Under the proposals, the hedges could continue withthe refunding bonds.
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