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Hi, am going to copy you on the penalty language and sample confirm with penalty language I sent to Matt Fleming today. I will follow up and forward to you, a sample of a normal fully-managed confirmation. I think the "normal" confirm could easily be duplicated. I will also send a more complex version that I think will have to be done by Legal. See below for penalty language info. Thanks, Christy

Subject Line:
Tier -- Penalty Language