48. Borrowing
(1) In this regulation ¾
}debt paper~ means inscribed stock, bonds, debentures with coupons annexed, bills of exchange, promissory notes or bearer securities, or other similar instruments evidencing indebtedness.
(2) The IMO may, subject to regulation 49 ¾
(a) borrow or re-borrow moneys;
(b) obtain credit;
(c) acquire, hold or dispose of debt paper; or
(d) otherwise arrange for financial accommodation to be extended to the IMO.