Keep Your Paws Off My Positive Arbitrage –
Our previous post kicked off our Rebate Series by introducing core concepts and terms. However, for every rule there is an exception.
Source: mondaq.com
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Positive Arbitrage- Great Power Requires Some Responsibility
Two general points to keep in mind: (1) each of these exceptions is independent of the others; so an issue could qualify under more than one, and (2) the spending exceptions are not automatically applied; so an issuer can choose NOT to apply them.
Source: natlawreview.com