50Acquisition of derivatives

50 Acquisition of derivatives

50 Acquisition of derivatives

(1) The Corporation may acquire a derivative only for the following purposes—

(a) protecting the value of an investment of the Corporation, other than a derivative,

(b) protecting the return on an investment of the Corporation, other than a derivative,

(c) achieving indirect exposure to assets, other than derivatives, for a purpose in connection with the Corporation’s investment function,

(d) achieving transactional efficiency for a purpose in connection with the Corporation’s investment function,

(e) managing the Corporation’s financial risks.

(2) The Corporation must not acquire a derivative for the purpose of speculation.