Web( 2) ( i) A covered swap entity shall post initial margin to any margin affiliate that is a swap entity subject to the rules of a Prudential Regulator in an amount equal to the amount that the swap entity is required to collect from the covered swap entity pursuant to the rules of the Prudential Regulator. WebCovered swap entity means any national bank or subsidiary thereof, Federal savings association or subsidiary thereof, or Federal branch or agency of a foreign bank that is a …
News & Notices NFA I-16-13
WebApr 5, 2024 · Margin and Capital Requirements for Covered Swap Entities – Amendments; Final Rule: The final rule changes requirements to the Swap Margin Rule that (1) permit swaps entered into prior to an applicable compliance date (legacy swaps) to retain their legacy status in the event that they are amended to replace an interbank offered rate … broward county after school program
The Fed - Supervisory Letter SR 17-3 on Initial Examinations for ...
WebApr 11, 2024 · The CFTC determined that the unique product identifier codes issued by DSB for swaps in the covered classes were an acceptable system that satisfied the two requirements of § 45.7: (i) enabling the CFTC and other regulators to fulfill their regulatory responsibilities and (ii) assisting in real-time public reporting of swap transactions: WebThe covered swap entity shall continue to collect the variation margin amount from, or to post the variation margin amount with, the counterparty as calculated each business day … WebThe Swap Margin Rule as adopted in 2015 takes effect under a phased compliance schedule spanning from 2016 through 2024, and the entities covered by the rule continue to hold swaps in their portfolios that were entered into before the effective dates of the rule. broward county airbnb laws