Acceptable Assets. Assets are considered to be acceptable assets depending upon the Trustee’s ability to support and administer the asset, the Trustee’s proposed responsibilities with respect to such assets, the type of account, the availability of the asset to be acquired through the Trustee or an affiliate (approved for this purpose by the Trustee) and other factors. The Instructing Party should consult with the Trustee prior to the acquisition of any asset to determine acceptability of such asset. The following types of assets are generally acceptable:
Acceptable Assets. Assets are considered to be acceptable assets depending upon the Trustee's ability to support and administer the asset, the Trustee's proposed responsibilities with respect to such assets, the type of account, the availability of the asset to be acquired through the Trustee or an affiliate (approved for this purpose by the Trustee) and other factors. The Instructing Party should consult with the Trustee prior to the acquisition of any asset to determine acceptability of such asset. The following types of assets are generally acceptable: Cash. Publicly traded stock listed on a U.S. stock exchange or regularly quoted over-the-counter. Publicly traded bonds listed on a U.S. bond exchange or regularly quoted over-the-counter. Mutual funds that are NSCC and DCC&S eligible. Registered limited partnership interests, REITs and similar investments listed on a U.S. stock exchange or regularly quoted over-the-counter. Commercial paper, bankers’ acceptances eligible for rediscounting at the Federal Reserve, repurchase and reverse repurchase agreements and other “money market” instruments for which trading and custodial facilities are readily available. U.S. Government and U.S. Government Agency issues. Municipal securities whose bid and ask values are readily available. Federally insured savings accounts, certificates of deposit and bank investment contracts. The Instructing Party is responsible for determining federal insurance coverage and limits and for diversifying account assets in accordance with those limits. American Depository Receipts, Eurobonds, and similar instruments listed on a U.S. exchange or regularly quoted domestically over-the-counter for which trading and custodial facilities are readily available. Life insurance, annuities, and guaranteed investment contracts issued by insurance companies licensed to do business in one or more states in the U.S. The Instructing Party is responsible for determining the safety of such investments and the economic viability of the underwriter and for diversifying account assets accordingly. Collective funds, such as the ICMA Stable Value Fund. In certain circumstances a particular asset which otherwise may be considered an acceptable asset may be determined by the Trustee to be unacceptable or conditionally acceptable. Trustee generally cannot acquire or hold the following assets:
Acceptable Assets. Only assets received from an Authorized Investor as to which there are no unexpired, non-charitable inter- ests may be accepted, invested, and otherwise dealt with under and pursuant to the provisions of this Trust Agreement. In addition, the Trustee has the right in its sole and absolute discretion to accept or reject assets proffered for transfer to the Trust.
