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