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Eligible Bank

Means:

(a) a Bank;
(b) a legal entity that is authorised to accept deposits and supervised by the Central Bank of the State; or
(c) a legal entity that is:
(i) authorised to accept deposits and supervised by a Financial Services Regulator in a jurisdiction outside the State; and
(ii) Rated at least A- by Standard & Poor's, or the equivalent by another Rating Agency.