Definition of High quality short-term debt instruments


High quality short-term debt instruments means any instrument that has a maturity at issuance of less that 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.


High quality short-term debt instruments means any instrument having a maturity at issuance of less than 366 days and which is treated in one of the highest two rating categories by a Nationally Recognised Statistical Rating Organisation, or which is unrated but is of comparable quality.

High quality short-term debt instruments means any instrument that has a maturity at issuance of less than 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization. (e) promptly investigate any securities transaction listed pursuant to subparagraph (d)(ii) above and submit periodic status reports with respect to each such investigation to the Board. 5. At least once a year, the Fund and Highland each must provide the Board with a written report that (i) describes issues that arose during the previous year under its respective code of ethics, including information about material code violations and sanctions imposed in response to these material violations, and (ii) certifies to the Board that the Fund and Highland, as the case may be, has adopted procedures reasonably necessary to prevent Access Persons from violating its code of ethics. A copy of each report required by this Section must be preserved with the Fund’s records in an easily accessible place for at least five years after the end of the fiscal year in which the violation occurs. 6. The Board shall oversee the operation of this Code and review with the CCO, counsel to the Fund and, if appropriate, representatives of Highland, the reports provided to it pursuant to the immediately preceding paragraph and possible violations of this Code and the code of ethics adopted by Highland in compliance with Rule 17j-1. The Board shall consider what sanctions, if any, should be imposed.

Examples of High quality short-term debt instruments in a sentence

High quality short-term debt instruments are interpreted to mean any instrument that has a maturity at issuance of less than 366 days and that is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.
ADRs do not fall into this category; Note: High quality short-term debt instruments are interpreted to mean any instrument that has a maturity at issuance of less than 366 days and is rated in one of the two highest rating categories by a Nationally Recognized Statistical Rating Organization.
High quality short-term debt instruments, including, but not limited to, bankers’ acceptances, bank certificates of deposit, commercial paper and repurchase agreements; 5.
Securities exempted by the SEC are: • Direct obligations of the U.S. government • High quality short-term debt instruments, including bankers acceptances, bank certificates of deposit, commercial paper, and high quality short-term debt instruments, including repurchase agreements.
High quality short-term debt instruments means any instrument having a maturity at issuance of less than 366 days and which is rated in one of the highest two rating categories by a Nationally Recognized Statistical Rating Organization, or which is unrated but is of comparable quality.