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Securities-Based Hybrids: Can They Never Qualify Under Part 34? ( November 2000 )
This article addresses whether the Commodity Futures Trading Commission's ("Commission") Part 34 Hybrid Exemption Rule ("Hybrid Exemption") may be applied to a debt security, equity or deposit instrument, as to which potential payments and losses (two-way indexation) are based on or derived from the value of one or more nonexempt securities.
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