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15-27; Section 2(h)(7)(C)(iii) of the Commodity Exchange Act;; Interpretative The Division of Clearing and Risk published a letter interpreting Section 2(h)(7)(C)(iii) of the Commodity Exchange Act. Resources
On May 4, CFTC Division of Clearing and Risk published a letter clarifying that a securitization SPV that is wholly-owned by, and consolidated with, a captive finance company under Section 2 (h) (7) (C) (iii) of the Commodity Exchange Act (CEA) is also eligible for the end-user exception to a clearing requirement under Section 2 (h) (1) (A) of ...
financial entity. (i)For the purposes of this paragraph, the term “financial entity” means— (I)a swap dealer; (II)a security-based swap dealer; (III)a major swap participant; (IV)a major security-based swap participant; (V)a commodity pool; (VI)a private fund as defined insection 80b–2 (a) of title 15; (VII)an employee benefit plan as ...
The Division of Clearing and Risk published a letter interpreting Section 2(h)(7)(C)(iii) of the Commodity Exchange Act.
Short title. § 1a. Definitions. § 1b. Requirements of Secretary of the Treasury regarding exemption of foreign exchange swaps and foreign exchange forwards from definition of the term “swap”. § 2. Jurisdiction of Commission; liability of principal for act of agent; Commodity Futures Trading Commission; transaction in interstate commerce.
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