Institutions may use the following other funded credit protection as eligible collateral:
(a)
cash on deposit with, or cash assimilated instruments held by, a third party institution in a non-custodial arrangement and pledged to the lending institution;
(b)
life insurance policies pledged to the lending institution;
(c)
instruments issued by third party institutions which will be repurchased by that institution on request.
Sub-Section 2
Unfunded credit protection