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23 September 2008 It was recently decided by the dealer community and confirmed by the OMG to change to T+3 for TABX.HE & ABX.HE up front settlements and post trade events. This change will become effective on September 23rd, 2008. All upfront payments agreed on after 9/23/08 will settle three business days after the trade effective date. |
| The Markit TABX.HE Confirmation form was updated as of September 23rd, 2008 to incorporate the new market convention of settling upfront payments for index trades T+3. This settlement period will apply to post trade events as well, including assignments and terminations. |
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