12 C.F.R. § 709.12

Current through October 31, 2024
Section 709.12 - Treatment of swap agreements in liquidation or conservatorship

The Board has determined that a swap agreement, as defined in the Federal Deposit Insurance Act at 12 U.S.C. 1821(e)(8)(D)(vi) , is a qualified financial contract for purposes of the special treatment for qualified financial contracts provided in 12 U.S.C. 1787(c) . Any master agreement for any swap agreement, together with all supplements to such master agreement, will be treated as one swap agreement.

12 C.F.R. §709.12

68 FR 32356 , May 30, 2003. Redesignated at 82 FR 50294 , Oct. 30, 2017
82 FR 50294 , 1/1/2018