Thanks again for the reply vvadivel. Yes, that local preference will be applied to ALL prefixes learned from my iBGP peer. Our iBGP neighbour will peer with the same ISP int he same manner, so these routers will provde routing redundancy for eachother. I will export direclty connected prefixes form my iBGP peer along with those external prefixes from the ISP. Based on what I've read, the external prefixes should be advertised by default to iBGP peers.
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