Definitions.

CFR · 2024-01-01 · US · Title 12

Unless defined in this section, terms that are set forth in § 238.2 and used in this subpart have the definitions assigned in § 238.2. For purposes of this subpart: (a) (1) With respect to the value of cash, securities, or other eligible collateral (i) The market value of the cash, securities, or other eligible collateral; and (ii) The product of the market value of the securities or other eligible collateral multiplied by the applicable collateral haircut in table 1 to § 217.132 of this chapter; and (2) With respect to cash, securities, or other eligible collateral received by the covered company from a counterparty: (i) The market value of the cash, securities, or other eligible collateral; minus (ii) The market value of the securities or other eligible collateral multiplied by the applicable collateral haircut in table 1 to § 217.132 of this chapter. (3) Prior to calculating the adjusted market value pursuant to paragraphs (a)(1) and (2) of this section, with regard to a transaction that meets the definition of “repo-style transaction” in § 217.2 of this chapter, the covered company would first multiply the applicable collateral haircuts in table 1 to § 217.132 of this chapter by the square root of 1/2. (b) (1) Any subsidiary of the company and any other company that is consolidated with the company under applicable accounting standards; or (2) For a company that is not subject to principles or standards referenced in paragraph (b)(1) of this section, any subsidiary of the

official document · source cfr-2024 · id 12:§ 238.151