Government and other public securities means any investment issued by, or the payment of principal and interest on which is guaranteed by, the government of any member state of the Organisation for Economic Co-operation and Development (“OECD”) or any fixed interest investment issued in any OECD country by a public or local authority or nationalised industry of any OECD country or anywhere in the world by any other body which is, in the opinion of the Trustee, of similar standing.

Government and other public securities means any investment issued by, or the payment of principal and interest on, which is guaranteed by a government, or any fixed-interest investment issued by its public or local authorities or other multilateral agencies.

Examples of Government and other public securities in a sentence

The value of capital and revenue will fluctuate as property values and rental income rise and fall and the value of dividends, Government and other public securities and units in collective investment schemes change.
If more than 35% in value of the scheme property of a Sub-fund is invested in Government and other public securities issued by any one issuer, no more than 30% in value of the scheme property of the Sub-fund may consist of such securities of any one issue and the scheme property must include at least six different issues whether of that issuer or another issuer.
Pursuant to the SFC Code, it allows the Sub-Fund to invest up to 30% of Sub-Fund's total net asset value in Government and other public securities of the same issue.
The credit risk is mitigated as the debt securities held are subject to the requirements of (i) maximum holding of 10% of net asset value for any single issuer except where the issuer is a substantial financial institution (as defined in SFC Code) and the total holding does not exceed 10% of the issuer's share capital and non-distributable capital reserves, the limit may be increased to 25% and/or (ii) maximum holding of 30% of net asset value for Government and other public securities of the same issue.
Notwithstanding the foregoing, the average portfolio maturity maintained by the Money Market Sub-Funds will not exceed 90 days and the Sub-Funds will not purchase an instrument with a remaining maturity of more than 397 days, or two years in the case of Government and other public securities.

More Definitions of Government and other public securities

Government and other public securities means any investment issued by, or the payment of principal and interest on which is guaranteed by, a government or any fixed-interest investment issued by its public or local authorities or other multilateral agencies“Qualified Exchange Traded Funds”means exchange traded funds that are: (a) authorized by the SFC under 8.6 or 8.10 of the UT Code; or(b) listed and regularly traded on internationally recognized stock exchanges open to the public (nominal listing not accepted) and either (i) the principal objective of which is to track, replicate or correspond to a financial index or benchmark, which complies with the applicable requirements under 8.6 of the UT Code; or (ii) the investment objective, policy, underlying investments and product features of which are substantially in line with or comparable with those set out under 8.10 of the UT Code“REITs”means real estate investment trusts“substantial financial institution”means an authorised institution as defined in section 2(1) of the Banking Ordinance (Chapter 155 of the Laws of Hong Kong) or a financial institution which is on an ongoing basis subject to prudential regulation and supervision, with a minimum net asset value of HK$2 billion or its equivalent in foreigncurrency, as amended by the UT Code from time to time

Government and other public securities means investments falling within Part 1 of Schedule 2 to the Regulated Activities Order 2009 which are issued by or on behalf of:

Government and other public securities means any investment issued by, or the payment of principal and interest

Government and other public securities means investments within the meaning given in Part 1 of Schedule 2 to the Regulated Activities Order 2011, and which are issued by or on behalf of —

Government and other public securities has the of this Prospectus means any investment issued by, or the payment of principal and interest on,

Government and other public securities means any investment issued by, or the payment of principal and interest on which is guaranteed by a government or any fixed-interest investment issued by its public or local authorities or other multilateral agencies; “Investment Delegate” means an entity that has been delegated the investment management function of all or part of the assets of a Sub- Fund, the details of which are as specified in the relevant Appendix (if applicable) “Qualified Exchange Traded Funds” means exchange traded funds that are: (a) authorized by the Commission under 8.6 or 8.10 of the Code; or (b) listed and regularly traded on internationally recognized stock exchanges open to the public (nominal listing not accepted) and (i) the principal objective of which is to track, replicate or correspond to a financial index or benchmark, which complies with the applicable requirements under 8.6 of the Code; or (ii) the investment objective, policy, underlying investments and product features of which are substantially in line with or comparable with those set out under 8.10 of the Code; “reverse repurchase transactions” means transactions whereby an Investment Fund purchases securities from a counterparty of sale and repurchase transactions and agrees to sell such securities back at an agreed price in the future; “sale and repurchase transactions” means transactions whereby an Investment Fund sells its securities to a counterparty of reverse repurchase transactions and agrees to buy such securities back at an agreed price with a financing cost in the future; “securities financing transactions” means collectively securities lending transactions, sale and repurchase transactions and reverse repurchase transactions; “Securities Market”any stock exchange, over-the-counter market or other organised securities market that is open to the international public and on which such securities are regularly traded;“securities lending transactions”means transactions whereby an Investment Fund lends its securities to a security-borrowing counterparty for an agreed fee; “substantial financial institution” means an authorized institution as defined in section 2(1) of the Banking Ordinance (Chapter 155 of Laws of Hong Kong) or a financial institution which is on an ongoing basis subject to prudential regulation and supervision, with a minimum net asset value of HK$2 billion or its equivalent inforeign currency, as amended by the Code from time to time;

Government and other public securities means any investment issued by, or the payment of principal and interest on, which is guaranteed by the government of any

Government and other public securities definition

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