12 CFR 709.12
§ 709.12 Treatment of swap agreements in liquidation or conservatorship.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 709.12, § 709.12 Treatment of swap agreements in liquidation or conservatorship, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48579
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.