Major Swap Participant means a “major swap participant” as defined in Section 1a(33) of the Act and Commission Regulation 1.3(hhh).
Major Swap Participant means a “major swap participant” as defined in Section 1a(33) of the Commodity Exchange Act and CFTC Rule 1.3 thereunder.
Major Swap Participant. ’ means any person defined in Section 1a(33) of the Act and § 1.33(bbb) of this chapter and, as appropriate in this subpart, any person acting for or on behalf of a major swap participant, including an associated person defined in Section 1a(4) of the Act.
Examples of Major Swap Participant in a sentence
Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants, 77 FR 20128 (Apr.
US Commodity Futures Trading Commission final rules on “Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants”, 77 Fed.
See also, Swap Dealer and Major Swap Participant Recordkeeping, Reporting, and Duties Rules; Futures Commission Merchant and Introducing Broker Conflicts of Interest Rules; and Chief Compliance Officer Rules for Swap Dealers, Major Swap Participants, and Futures Commission Merchants, 77 FR 20128, 20193 (Apr.
Designation of a Chief Compliance Officer; Required Compliance Policies; and Annual Report of a Futures Commission Merchant, Swap Dealer, or Major Swap Participant, 75 FR 70881, 70883 (proposed Nov.
Designation of a Chief Compliance Officer; Required Compliance Policies; and Annual Report of a Futures Commission Merchant, Swap Dealer, or Major Swap Participant, 75 FR 70881 (proposed Nov.
More Definitions of Major Swap Participant
Major Swap Participant means a “major swap participant” as defined in Section 1a(33) of the CEA and CFTC Regulation 1.3(hhh) thereunder.
Major Swap Participant means a person registered (fully or provisionally) with the CFTC as a “major swap participant” as defined in Section 1a(33) of the Commodity Exchange Act and CFTC Regulation 1.3(hhh).
Major Swap Participant. (“MSP”) means any person who is not a swap dealer, and 1) maintains a substantial position in swaps for any of the major swap categories as determined by the Commission (excluding positions held for hedging or mitigating commercial risk); or 2) whose outstanding swaps create substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets; or 3) is a financial entity that is highly leveraged relative to the amount of capital it holds and maintains a substantial position in outstanding swaps in any major swap category as determined by the Commission. The CFTC shall define the term “substantial position” at the threshold that the CFTC determines to be prudent for the effective monitoring, management, and oversight of entities that are systemically important or can significantly impact the financial system of the United States. A person may be designated a major swap participant for one or more categories of swaps without being classified as a major swap participant for all classes of swaps.
Major Swap Participant means any person who is not a Swap Dealer, and (i) maintains a substantial position in swaps for any of the major swap categories as determined by the CFTC, excluding
(I) positions held for hedging or mitigating commercial risk; and (II) positions maintained by any employee benefit plan (or any contract held by such a plan) as defined in paragraphs (3) and (32) of section 3 of ERISA for the primary purpose of hedging or mitigating any risk directly associated with the operation of the plan; (ii) whose outstanding swaps create substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets; or (iii) (I) is a financial entity that is highly leveraged relative to the amount of capital it holds and that is not subject to capital requirements established by an appropriate Federal banking agency; and (II) maintains a substantial position in outstanding swaps in any major swap category as determined by the CFTC. For purposes of this definition, a “substantial position” means the threshold that the CFTC determines to be prudent for the effective monitoring, management, and oversight of entities that are systemically important or can significantly impact the financial system of the United States. The CFTC shall consider the person’s relative position in uncleared as opposed to cleared swaps and may take into consideration the value and quality of collateral held against counterparty exposures.
Major Swap Participant or “MSP” means a person who is not a SD, and (i) maintains a substantial position in swaps for any of the major swap categories as determined by the CFTC or SEC, as applicable, excluding:
Major Swap Participant shall have the meaning provided for such term in CFTC Regulation §23.401 and shall be a counterparty to a Swap Transaction with DASNY that has represented in writing to DASNY that it is registered with the CFTC as a “major swap participant” as defined in the Commodity Exchange Act and relevant CFTC Regulations thereunder.
Major Swap Participant means any person who is not a Swap Dealer, and (i) maintains a substantial position in swaps for any of the major swap categories as determined by the CFTC, excluding
(I) positions held for hedging or mitigating commercial risk; and (II) positions maintained by any employee benefit plan (or any contract held by such a plan) as defined in paragraphs (3) and (32) of section 3 of ERISA for the primary purpose of hedging or mitigating any risk directly associated with the operation of the plan; (ii) whose outstanding swaps create substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets; or (iii) (I) is a financial entity that is highly leveraged relative to the amount of capital it holds and that is not subject to capital requirements established by an appropriate Federal banking agency; and (II) maintains a substantial position in outstanding swaps in any major swap category as determined by the CFTC. For purposes of this definition, a “substantial position” means the threshold that the CFTC determines to be prudent for the effective monitoring, management, and oversight of entities that are systemically important or can significantly impact the financial system of the United States. The CFTC shall consider the person’s relative position in uncleared as opposed to cleared swaps and may take into consideration the value and quality of collateral held against counterparty exposures.