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21(1)This paragraph applies in relation to a contract which is a derivative contract for the purposes of this Schedule by virtue of—
(a)paragraph 6 (contracts producing a guaranteed return),
(b)paragraph 7 (contracts where guaranteed amount payable on maturity), or
(c)paragraph 8 (contracts to provide insurance benefits).
(2)Where this paragraph applies in relation to a derivative contract, the accounting method to be used as respects the derivative contract for an accounting period shall be an authorised mark to market basis of accounting.
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