money-market instrument

any of the following investments:

1. (a) a debenture which is issued on terms requiring repayment not later than five years from the date of issue;
1. (b) any government and public security which is issued on terms requiring repayment not later than one year or, if issued by a local authority in the United Kingdom , five years from the date of issue;
1. (c) a warrant which entitles the holder to subscribe for an investment within (a) or (b);
1. (d) a certificate representing certain securities or rights to or interests in investments relating, in either case, to an investment within (a) or (b);
1. (e) an option relating to:
   1. (i) an instrument in (a) or (b); or
   1. (ii) currency of the United Kingdom or of any other country or territory; or
   1. (iii) gold or silver;
1. (f) a future for the sale of:
   1. (i) an instrument in (a) or (b); or
   1. (ii) currency of the United Kingdom or of any other country or territory; or
   1. (iii) gold or silver;
1. (g) a contract for differences by reference to fluctuations in:
   1. (i) the value or price of any instrument within any of (a) to (f); or
   1. (ii) currency of the United Kingdom or of any other country or territory; or
   1. (iii) the rate of interest on loans in any such currency or any index of such rates;
1. (h) an option to acquire or dispose of an instrument within (e), (f) or (g).3