Transactions of the Bank

The Bank may purchase from, sell to, and rediscount on behalf of banks bills of exchange, promissory notes and other credit instruments bearing at least the endorsement of a bank, maturing within ninety days from the date of rediscount or acquisition by the Bank and issued or made for the purpose of financing– (a) the importation or exportation of goods and products; (b) the trading of goods and products within (c) the storage of goods and products which are not perishable and which are duly insured or deposited under conditions assuring their preservation in warehouses approved for the purposes of the Customs Regulation Act, or in other places approved by the Bank; and (d) industrial or agricultural production in Belize, provided that the Bank may require the credit instruments accepted by it under this section to be secured by a pledge, hypothecation or assignment of the related products or crops.