87. Hedging transactions
(1) A port authority may, for the purpose of managing, limiting or reducing perceived risks or anticipated costs in connection with the exercise of any power conferred by section 85 ¾
(a) enter into an agreement or arrangement to effect any of the following transactions ¾
(i) a foreign exchange transaction;
(ii) a forward foreign exchange transaction;
(iii) a currency swap;
(iv) a forward currency swap;
(v) a foreign currency cap, a foreign currency collar or a foreign currency floor;
(vi) a forward interest rate agreement;
(vii) an interest rate swap;
(viii) a forward interest rate swap;
(ix) an interest rate cap, an interest rate collar or an interest rate floor;
(x) an option for interest rate or currency management purposes;
(xi) a futures contract or a futures option within the meaning of the Corporations Act; or
(xii) a transaction of such other class as is approved in writing by the Minister, with the Treasurer's concurrence, as a class of transactions to which this paragraph applies;
or
(b) enter into an agreement or arrangement to effect any transaction which is a combination of ¾
(i) 2 or more transactions permitted under paragraph (a); or
(ii) one or more transactions permitted under paragraph (a) and one or more transactions permitted under section 85.
(2) In subsection (1)(a) ¾
}interest rate~ includes coupon rate, discount rate and yield.
[Section 87 amended by No. 10 of 2001 s.158.]