Examples of End-User Exception in a sentence
DDR will create a report showing: 1) Reporting Entities and Electing Counterparties to swaps that have elected the End-User Exception, and 2) each Electing Counterparty for which a valid Annual End-User Clearing Exception/Exemption Form or a Swap-by- Swap Form has been submitted.
CFTC Regulation 45.3 requires the Reporting Entity to the swap to report the election of the End-User Exception, the type of clearing exception and identification of the Electing Counterparty, which refers to the counterparty(s) making the election.
CFTC, Final Rule, End-User Exception to the Clearing Requirement for Swaps, 77 Fed.
End-User Exception to the Clearing Requirement for Swaps, 77 Fed.
The two CTFC exceptions are the End-User Exception, which applies to small financial institutions with total assets of $10 billion or less and the Cooperative Exemption, which applies to entities with assets greater than $10 billion where the entity is a cooperative.
The Committee must set appropriate policies governing use of Swaps, Exempt Swaps, and the End-User Exception by the Company and its subsidiaries.
The Commission notes that to the extent that transactions with these counterparties are currently not cleared because of reliance on the Commission statements made in the 2012 End-User Exception final rule and DCR no-action letters, the impact of the proposed exemption on the efficiency, competitiveness, and financial integrity of the swap markets may be mitigated.
All Participants must clear all Contracts which are required to be cleared under CEA Section 2(h)(1) and CFTC Regulation § 50.4, or any successor regulation thereto; provided, however, that the clearing requirement in this Rule 801 will not apply if at least one Participant party to a Transaction is an End-User and that party elects the End-User Exception.
The Committee must set appropriate policies governing the use of Swaps, Exempt Swaps, and the End-User Exception by the Company and its subsidiaries.
See End-User Exception to Mandatory Clearing of Security-Based Swaps, Exchange Act Release No. 63556 (Dec.