CTM76760 - Exchange differences: matching: information submitted with election

An election for matching must specify:

• the asset to be matched,
• if a liability is not being matched with the whole of the asset, the basis on which the matched part is to be calculated (see CTM76770),
• the provisions by virtue of which the asset is an eligible asset.

Regulation 11(1) SI1994/3227 provides that an election that does not specify the above information is of no effect.