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Although netting typically increases the need for foreign exchange conversion, it generally reduces the number of cross-border transactions between subsidiaries.
Material
The substance or substances from which a thing is or can be made, or pertinent information for a specific purpose.
Region
A specific geographic area or territory, which may be identified by natural or adminstrative boundaries.
Recommendation
An advice or suggestion given with the intention of guiding a decision or course of action.
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Official papers that are prepared in a standard format for specific professional or legal purposes.
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