Document ID: chunk:federal_register_of_legislation:C2023C00186:section:7:p2
Version: federal_register_of_legislation:C2023C00186
Segment Type: section
Provision Reference: s 7 (pt 2/2)
Character Range: 13593–14895

partnerships, trusts, joint ventures or similar arrangements), through subsidiaries or other investment vehicles, or by any combination of these means. The Facility must not provide financial assistance in any other form under subsection (1A) through subsidiaries.

Acquisition of derivatives
 (1C) The Facility may only acquire a derivative for the purpose of:
 (a) protecting the value of financial assistance provided by the Facility (other than derivatives acquired by the Facility); or
 (b) protecting the return on financial assistance provided by the Facility (other than derivatives acquired by the Facility); or
 (c) achieving indirect exposure to financial assets (other than derivatives) for a purpose in connection with the Facility's function of providing financial assistance; or
 (d) achieving transactional efficiency for a purpose in connection with the Facility's function of providing financial assistance;
but must not acquire a derivative for the purpose of:
 (e) speculation; or
 (f) leverage.
 (1D) Subsection (1C) does not apply in relation to guarantees given by the Facility in the ordinary course of providing financial assistance.
 (2) The Facility has the power to do all things necessary or convenient to be done for or in connection with the performance of its functions.