1(1) 2A licensee must at all times possess permissible investments with an aggregate market value, calculated in accordance with generally accepted accounting principles, of at least the aggregate face amount of all outstanding money transmissions and payment instruments issued or sold by the licensee or an authorized vendor in the United States. As used in this section, permissible investments include:61(a) 62Cash.
63(b) 64Certificates of deposit or other deposit liabilities of a domestic or foreign financial institution.
78(c) 79Bankers’ acceptances eligible for purchase by member banks of the Federal Reserve System.
92(d) 93An investment bearing a rating of one of the three highest grades as defined by a nationally recognized rating service of such securities.
116(e) 117Investment securities that are obligations of the United States, its agencies or instrumentalities, or obligations that are guaranteed fully as to principal and interest by the United States, or any obligations of any state or municipality, or any political subdivision thereof.
158(f) 159Shares in a money market mutual fund.
166(g) 167A demand borrowing agreement or agreements made to a corporation or a subsidiary of a corporation whose capital stock is listed on a national exchange.
192(h) 193Receivables that are due to a licensee from the licensee’s authorized vendors except those that are more than 90 days past due or are doubtful of collection.
220(i) 221Any other investment approved by rule.
