Major Swap Participant definition

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

• In rendering such advice, the Consultant shall exercise independent judgment in evaluating any recommendations of the Swap Dealer or Major Swap Participant with regard to a Swap Transaction or trading strategy involving a Swap Transaction that are presented to it.

• The following shall apply if Client is a Swap Dealer, Major Swap Participant, Financial Entity (all as defined in Commodity Exchange Act), or if requested to apply by any other Client.

• For example, the Major Swap Participant and Swap Dealer definitions are not intended to include an electric or gas utility that purchases com- modities that are used either as a source of fuel to produce electricity or to supply gas to retail customers and that uses swaps to hedge or manage the commercial risks asso- ciated with its business.

• LVM LTD shall engage in portfolio reconciliation as follows for all swaps in which its counterparty is neither a Swap Dealer nor a Major Swap Participant (“non- SD/MSP”).

• This is also why we narrowed the scope of the Swap Dealer and Major Swap Participant definitions.

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. (“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 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) 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 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

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.