money-market instrument
- (a) a debenture which is issued on terms requiring repayment not later than five years from the date of issue;
- (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;
- (c) a warrant which entitles the holder to subscribe for an investment within (a) or (b);
- (d) a certificate representing certain securities or rights to or interests in investments relating, in either case, to an investment within (a) or (b);
- (e) an option relating to:
- (i) an instrument in (a) or (b); or
- (ii) currency of the United Kingdom or of any other country or territory; or
- (iii) gold or silver;
- (f) a future for the sale of:
- (i) an instrument in (a) or (b); or
- (ii) currency of the United Kingdom or of any other country or territory; or
- (iii) gold or silver;
- (g) a contract for differences by reference to fluctuations in:
- (i) the value or price of any instrument within any of (a) to (f); or
- (ii) currency of the United Kingdom or of any other country or territory; or
- (iii) the rate of interest on loans in any such currency or any index of such rates;
(1) 44any of the following investments:
(2) those classes of financial instruments which are normally dealt in on the money market, such as treasury bills, certificates of deposit and commercial papers and excluding instruments of payment.44