12 CFR 709.12 – Treatment of swap agreements in liquidation or conservatorship
Current as of: 2024 | Check for updates
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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.
Terms Used In 12 CFR 709.12
- Contract: A legal written agreement that becomes binding when signed.