‘Qualified business entity’ means a business entity that is:

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1.  An issuer of obligations or preferred stock that is rated 1 or 2 by the SVO or an issuer of obligations, preferred stock or derivative instruments that are rated the equivalent of 1 or 2 by the SVO or by a nationally recognized statistical rating organization recognized by the SVO; or

2.  A primary dealer in United States government securities, recognized by the Federal Reserve Bank of New York.