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The following figure reflects the Step Bond Utilize Bifurcation Method option set to No Bifurcation Transcend Par.

Step Bond Utilize Bifurcation Method Field set to No Bifurcation Transcend Par

Info

For OID securities, the OID and market streams are treated independently. Under the No Bifurcation Par Restricted election, Par for OID is considered 100, and Par for the market stream is the adjusted issue price.