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3. The table below illustrates exposures for scenarios involving two trades: What is the netting factor? market to market Trade 1 Trade 2 Scenario 1

3. The table below illustrates exposures for scenarios involving two trades:

What is the netting factor?

market to market

Trade 1 Trade 2

Scenario 1 25 20

Scenario 2 15 10

Scenario 3 10 -5

Scenario 4 5 5

Scenario 5 -5 -15

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