Approved Instruments Clause Samples
The "Approved Instruments" clause defines which financial or legal instruments are permitted for use under the agreement. Typically, this clause lists or describes the specific types of instruments—such as promissory notes, bonds, or other securities—that parties may issue, accept, or rely upon in the course of their dealings. By clearly specifying what instruments are acceptable, the clause helps prevent disputes over the validity of documents and ensures that all parties operate within agreed parameters, thereby reducing risk and promoting certainty in transactions.
Approved Instruments. The funds will be invested in the following permitted securities: Fixed income instruments denominated and payable in U.S. dollars Corporate bonds Money market instruments; commercial paper, and certificates of deposit Obligations of the U.S. government and its agencies, states and municipalities Asset-backed debt securities Senior notes
Approved Instruments. The Treasurer & Corporate Controller is authorized to use the following instruments to hedge the risks associated with foreign currency, consistent with any restrictions and requirements on the use of those instruments found elsewhere in this Policy: Spot purchases / sales Short term deposits Forward purchase/sales Options While an approved instrument under this policy, any hedging strategy that uses options must be presented to the Risk Management Committee for approval prior to execution.
Approved Instruments. The following fixed income instruments are considered appropriate for the portfolio:
a. U.S.
Approved Instruments. All instruments and products (physical and/or financial) must be approved for use prior to transacting business. New specific instruments and products must be reviewed by Middle Office and approved by the RMC. The currently approved instruments are listed in Exhibit 2. Delegation of Authority - NJNG and NJRES’ traders have been granted authority to operate within the specific guidelines contained in Exhibit 3 of this policy. However, in order to transact, the relevant contract (such as transport, storage, NAESB, ISDA etc) must be in place prior to executing a transaction.
Approved Instruments. The following fixed income instruments are considered appropriate for the GTC Fixed Income Investment Portfolio:
a. Obligations of the U.S. government or its agencies;
b. Municipal bonds, including pre-refunded bonds;
c. Bank obligations including banker's acceptances, notes, certificates of deposit and time deposits;
d. Corporate notes and bonds, including commercial paper, repurchase agreements;