PASSIVA :What is the scope of blocking for physical cashbonds?
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Only Mantel
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Only Coupons
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Both Mantel and coupons
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Bonds,Mantel and coupons
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None of the above
C
Correct answer
Explanation
Physical cashbonds consist of two main components: the mantel (the main bond document) and the coupons (attached interest payment slips). Blocking covers both parts to ensure complete control over the financial instrument.