New subfactors associated with closed systems of sectors

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A theorem is derived which (i) provides a new class of subfactors which may be interpreted as generalized asymptotic subfactors, and which (ii) ensures the existence of two-dimensional local quantum field theories associated with certain modular invariant matrices.
8 pages, contribution to workshop "Advances in Operator Algebras", RIMS, Kyoto, Sep. 1999

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