17 CFR 37.1305

§ 37.1305 Valuation of financial resources.

United States · 17 CFR — Commodity and Securities Exchanges · Status: effective

Cite this

Citation: 17 CFR 37.1305, § 37.1305 Valuation of financial resources, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/67090
Permanent ID: ys:prov:67090@1
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Full text

No less than each fiscal quarter, a swap execution facility shall compute the current market value of each financial resource used to meet its obligations under §§ 37.1301 and 37.1303. Reductions in value to reflect market and credit risk (“haircuts”) shall be applied as appropriate.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.