(1) A payment gives rise to a hybrid mismatch if:
(a) the payment gives rise to a * deduction/non-inclusion mismatch; and
(b) the payment meets the hybrid requirement in section 832- 315.
Amount of the hybrid mismatch
(2) The amount of the * hybrid mismatch is the lesser of:
(a) the amount of the * deduction/non-inclusion mismatch; and
(b) if there is an excess under either subparagraph 832-315(2)(b)(i) or 832-315(3)(b)(i)--the amount of the excess.
(3) However, a payment does not give rise to a hybrid mismatch under this section if it gives rise to a * hybrid financial instrument mismatch.