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Article 10
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Calculation of the price movement of ETNs on the first day after their listing shall be based on the latest indicative value for the latest available business day as provided by the issuer on the business day before their listing.
The auction reference price at market opening of the ETNs on the first day after their listing as in the preceding paragraph is the price on the same basis in that paragraph after adjustment in accordance Article 8, paragraph 2 above.
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