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tructural subordination occurs when There is a holding company and a group lends to its operating subsidiary One group lends to a holding company and

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tructural subordination occurs when There is a holding company and a group lends to its operating subsidiary One group lends to a holding company and there is no debt at its operating subsidiaries One group lends to an operating subsidiary on an unsecured basis One group lends to a holding company and another group lends to its operating subsidiary

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