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Precedent of Legal Agreement>

Status: Under Review, Last Updated: 28/01/2022

Precedent of Legal Agreement
This handbook does not override any contractual arrangements agreed between parties but instead outlines practical operational guidance for market participants during the course of their day-to-day collateral operations.

The handbook is intended to be read in conjunction with the Global Master Securities Lending Agreement (GMSLA) or equivalent agreement.

In the event of a conflict between the handbook and the master agreement, the master agreement should prevail. (IBP-101)