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In this paper, we study a class of mean field type FBSDEs. We propose a class of motonotinity conditions, under which we show the uniformly Lipschitz continuity of the decoupling field and obtain the existence and uniqueness of solution. We further provide a representation result for the solution and the decoupling field. Finally, we obtain the regularity of the decoupling field and establish global well-posedness of classical solutions to related master equations.

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