AUTHORIZED INVESTMENTS AND PORTFOLIO COMPOSITION Sample Clauses

AUTHORIZED INVESTMENTS AND PORTFOLIO COMPOSITION. Investments should be made subject to the cash flow needs, and such cash flows are subject to revisions as market conditions and the FCSRMC’s needs change. However, when the invested funds are needed in whole or in part for the purpose originally intended or for more optimal investments, the College’s Chief Financial Officer in consultation with the Executive Director of the FCSRMC may request the sale of an investment at the then-prevailing market price and place the proceeds into the proper account at the Principal’s custodian. The following are the investment requirements and allocation limits on security types, issuers, and maturities as established by the Principal. The Principal shall have the option to further restrict investment percentages from time to time based on market conditions, risk and diversification investment strategies. The percentage allocations requirements for investment types and issuers are calculated based on the original cost of each investment, at the time of purchase. Investments not listed in this Policy are prohibited. In the event any security in the portfolio, subsequent to purchase, is downgraded to a level below the minimum required rating, the investment manager shall notify the College or its representatives as soon as practical of such ratings change along with any contemplated actions to sell or hold the security. The Principal, independently or in concert with the Investment Manager, shall confirm the decision to sell or hold the security. If it is determined the position should be sold, then it should be traded in a timely basis, consistent with market liquidity. Permitted Investments Sector Sector Maximum (%) Per Issuer Maximum (%) Minimum Ratings Requirement1 Maximum Maturity U.S. Treasury 100% 100% N/A 5.50 Years (5.50 Years avg. life4 GNMA 40% Sector Sector Maximum (%) Per Issuer Maximum (%) Minimum Ratings Requirement1 Maximum Maturity Other U.S. Government Guaranteed (e.g. AID, GTC) 10% for GNMA) Federal Agency/GSE: FNMA, FHLMC, FHLB, FFCB* 75% 40%3 N/A 5.50 Years Federal Agency/GSE other than those above 10% Supranationals where U.S. is a shareholder and voting member 25% 10% Highest ST or Two Highest LT Rating Categories (A-1/P-1, AA-/Aa3, or equivalent) 5.50 Years Supranationals other than those above 5% 5.50 Years Foreign Sovereign Governments (OECD countries only) and Canadian Provinces 10% 5% Highest ST or Two Highest LT Rating Categories (A-1/P-1, AA-/Aa3, or equivalent) 5.50 Years Foreign Sovereign Ag...
Sample 1
AutoNDA by SimpleDocs

Related to AUTHORIZED INVESTMENTS AND PORTFOLIO COMPOSITION

  • Project-Related Investments The term “investment” or “invest” as used herein shall include not only investments made by the Company and any Sponsor Affiliates, but also to the fullest extent permitted by law, those investments made by or for the benefit of the Company or any Sponsor Affiliate with respect to the Project through federal, state, or local grants, to the extent such investments are subject to ad valorem taxes or FILOT payments by the Company. [End of Article I] ARTICLE II

  • Permitted Investments At any time, any one or more of the following obligations and securities:

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

  • LOCATION OF QUALIFIED PROPERTY AND INVESTMENT The Land on which the Qualified Property shall be located and on which the Qualified Investment shall be made is described in EXHIBIT 2, which is attached hereto and incorporated herein by reference for all purposes. The Parties expressly agree that the boundaries of the Land may not be materially changed from its configuration described in EXHIBIT 2 unless amended pursuant to the provisions of Section 10.2 of this Agreement.

  • Investments Make any Investments, except:

  • PRODUCTS MANUFACTURED IN PUBLIC INSTITUTIONS Bids offering Products that are manufactured or produced in public institutions will be rejected.

  • Financial Institution with Only Low-Value Accounts An Estonian Financial Institution satisfying the following requirements:

  • Unbundled Loop Concentration (ULC) System 2.5.1 BellSouth will provide to <<customer_name>> Unbundled Loop Concentration (ULC). Loop concentration systems in the central office concentrate the signals transmitted over local loops onto a digital loop carrier system. The concentration device is placed inside a BellSouth central office. BellSouth will offer ULC with a TR008 interface or a TR303 interface.

  • Commingling and Investment The Trustee is expressly authorized in its discretion:

Time is Money Join Law Insider Premium to draft better contracts faster.