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On Friday March 1st, the Agency France Trésor will tap all OAT and BTAN lines for a nominal amount of 1 euro to the benefit of the FSR. These bonds will be then lent to CDC-IXIS which volunteered through a Repo transaction and after that finally cancelled. This process guarantees the fungibility of new taps with existing OAT and BTAN and allows the Agency to include the whole French sovereign debt under the scope of the European directive on the taxation of savings as soon as it is enforced.