In Microsoft Office SharePoint Server 2007, a trusted file location is a SharePoint document library, a UNC path, or an HTTP Web site that is configured as a trusted repository for workbooks that Excel Calculation Services can access. Excel Calculation Services opens workbooks that are stored in trusted file locations only.
A trusted location is typically a folder on your hard disk or a network share. Any file that you put in a trusted location can be opened without being checked by the Trust Center security feature.
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