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We decided on two IRs, as the Bayfront and Sentosa tasks enhance each other, because owning two gives competition and demanding mass, and since we feel that two initiatives will deliver extra economic Gains, with no increasing the social Value commensurately; After weighing the issue carefully, the Cabinet has collectively concluded that we experienced no option but to progress Using the IRs. As Primary Minister, I have the ultimate accountability for the choice. ^
Securities derivatives, like selections or futures, where the value on the spinoff is dependent on the value on the fundamental asset at a selected stage in time (generally the spinoff's associated expiration date)