Polish translation: Trzecia wersja/warstwa ochrony
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10:56 Oct 17, 2002
English to Polish translations [PRO] Bus/Financial / insurance accounting
English term or phrase:third replicated security
The Company also uses derivatives to synthetically create investments that are either more expensive to acquire or otherwise unavailable in the cash markets. These securities, called replication synthetic asset transactions ("RSATs"), are a combination of a derivative and a cash security to synthetically create a third replicated security. These derivatives are not designated as hedges.