Direct Obligations definition

Direct Obligations means noncallable Government Obligations.

Direct Obligations means direct noncallable obligations of (including obligations issued or held in book-entry form on the books of) the Department of the Treasury of the United States of America, obligations unconditionally guaranteed as to principal and interest by the United States of America and evidences of ownership interests in such direct or unconditionally guaranteed obligations.

Direct Obligations means direct obligations of, and obligations fully guaranteed as to timely payment of principal and interest by, the United States of America or any agency or instrumentality of the United States of America the obligations of which are backed by the full faith and credit of the United States of America.

Examples of Direct Obligations in a sentence

• It is important to note that Federal National Mortgage Association (Fannie Mae), and Federal Home Loan Mortgage Corporation (Freddie Mac) Securities are not Direct Obligations of the Government of the United States.

• Access Persons may also enter into derivative transactions on commodities and Direct Obligations of the Government of the United States.

• Direct Obligations of the Government of the US or UK Any security directly issued or guaranteed as to principal or interest by the United States.

• Direct obligations of the United States of America and securities fully and unconditionally guaranteed as to the timely payment of principal and interest by the United States of America, provided that the Full Faith and Credit of the United States of America must be pledged to any such direct obligation or guarantee ("Direct Obligations").

• Securities listed below are exempt from the reporting, pre-clearance, and holding period requirements: • Direct Obligations of the Government of the United States • Banker’s acceptances • Bank certificates of deposit • Commercial paper • High quality short-term debt instruments, including repurchase agreements • Money market funds • Open-end mutual funds with outside fund companies that are not advised or sub-advised by the Firm or its affiliates.

More Definitions of Direct Obligations

Direct Obligations means direct obligations of the United States, and any obligations the payment of which is fully and unconditionally guaranteed by the United States.

Direct Obligations means (a) cash, (b) Government Obligations, and (c) money market funds registered under the Federal Investment Company Act of 1940, whose shares are registered under the Federal Securities Act of 1933, and having a rating by S&P of AAAm-G, AAAm, or AA-m and if rated by Moody’s rated Aaa, Aa1 or Aa2.

Direct Obligations. As defined in the definition of Eligible Investments.

Direct Obligations include U.S. Treasury bills, notes, and bonds. "Government Agency" covers those non-mortgage related obligations issued by federal agencies including but not limited to, the Student Loan Marketing Association (SLMA), the Federal Farm Credit Bank, the Federal Deposit Insurance Corporation (FDIC), and the Federal Financing Bank. These obligations are backed by the full faith and credit of the U.S. government.

Direct Obligations means direct obligations of the United States of America (whether in certificated or book-entry form), and securities the timely payment of the principal of and interest on which is fully and unconditionally guaranteed by the United States of America, provided that the full faith and credit of the United States of America must be pledged to any such direct obligation or guarantee.

Direct Obligations means non-callable direct obligations (including obligations issued or held in book entry form) of the Department of Treasury of the United States of America.

Direct Obligations means (without duplication) (i) Obligations arising from loans or advances (whether or not payable upon demand or at a specified maturity date) made by the Syndicated Group or the Metals Lender to, or for the account of, or overdrafts paid by the Syndicated Group for, the Debtor; (ii) actual and contingent Obligations of the Debtor in respect of documentary and standby letters of credit issued or confirmed by the Syndicated Group or the Metals Lender for the account of the Debtor; (iii) Obligations of the Debtor in respect of bankers acceptance facilities (including unmatured drafts) or letters of indemnity or steamship guaranties created or provided by the Syndicated Group or the Metals Lender for the Debtor; and (iv) to the extent not included in the foregoing, all Loan/Trading Obligations. Notwithstanding the foregoing, Direct Obligations shall exclude Obligations of the Debtor under a guaranty in favor of the Syndicated Group or Metals Lender of the obligations of another person, firm, corporation or other entity to the Syndicated Group or Metals Lender, as applicable.