GIPS - Large versus Significant Cash Flow Policy

CFA Level III
#1

What is the difference between “Large Cash Flow Policy” and “Significant Cash Flow Policy”?

#2

I think its the same as long as the policy is consistent

#3

“Significant Cash Flow” policy allows you to shunt the portfolio out of the composite or treat it as a temporary new portfolio. Whereas, “Large Cash Flow” policy just clarifies the size of external flow to re-value portfolio to be compliant with GIPS. right?

#4

right