EBU Single Rulebook Q&A 19 August 2013 2013_170 Netting within cash pooling agreement used as part of cash management products

Where customers have both assets and liability balances within a cash pooling agreement (supported by a credit netting agreement) can the balance within the cash pooling agreement be treated as either a single net asset (Article 425) or a net liability (Article 420) i.e. not treated gross? Cash pooling within a cash managment product.