Institutions may use the following other funded credit protection as eligible collateral:
(a) cash on deposit with, or cash assimilated instruments held by, a third party institution in a non-custodial arrangement and pledged to the lending institution;
(b) life insurance policies pledged to the lending institution;
(c) instruments issued by a third-party institution or by an investment firm which are to be repurchased by that institution or by that investment firm on request.