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ISD instrument

    (in accordance with Schedule B of the Annex to the ISD) any of the following investments:

      1. (a) transferable securities;
      1. (b) units in collective investment undertakings;
      1. (c) money-market instruments;
      1. (d) financial-futures contracts, including equivalent cash-settled instruments;
      1. (e) forward interest-rate agreements;
      1. (f) interest-rate, currency and equity swaps; and
      1. (g) options to acquire or dispose of any instruments falling within (a) to (f), including equivalent cash-settled instruments and options on currency and on interest rates.24