Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 11/11)
Character Range: 6921367–6922894

you issue an *eligible security under a *facility agreement otherwise than as a result of a roll‑over, you are taken to have been given a loan (the notional loan):
 (a) of a *foreign currency principal amount equal to the foreign currency face value of the security; and
 (b) for a period equal to the term of the security; and
 (c) that is taken to be attached to the security; and
 (d) the start time of which is the time when you issued the security.
Note 1: The period of the notional loan may be extended as the result of a later roll‑over—see subsection (3).
Note 2: The notional loan may become attached to a later security as the result of a roll‑over—see subsection (3).
Note 3: The foreign currency principal amount of the notional loan may remain the same, or may fall (but not rise), as a result of a later roll‑over—see subsection (3).
Note 4: If, at a later time, the security is rolled‑over, and the foreign currency face value of the new security exceeds the foreign currency face value of the rolled‑over security, you are taken to have been given an additional notional loan of a foreign currency principal amount equal to the excess—see subsection (3).

Effect of roll‑over
 (3) The table has effect if an *eligible security is rolled‑over under a *facility agreement:

Roll‑over of eligible security
Item                            If the foreign currency face value of the new security...                                                                                                 this is the result...