Money-market instruments in accordance with Article 4(1)(17) of Directive 2014/65/EU, shall include treasury bills, certificates of deposits, commercial papers and other instruments with substantively equivalent features where they have the following characteristics:
((a))
they have a value that can be determined at any time;
((b))
they are not derivatives;
((c))
they have a maturity at issuance of 397 days or less.