Cross-border application of margin requirements.

CFR · 2024-01-01 · US · Title 12

(a) (b) For purposes of this section, a (1) An entity organized under the laws of the United States or any State (2) A branch or office of an entity organized under the laws of the United States or any State; or (3) A swap entity that is a subsidiary of an entity that is organized under the laws of the United States or any State. (c) For purposes of this section, a (1) An entity organized under the laws of the United States or any State, including a U.S. branch, agency, or subsidiary of a foreign bank; (2) A branch or office of an entity organized under the laws of the United States or any State; or (3) An entity that is a subsidiary of an entity that is organized under the laws of the United States or any State. (d) (2) (3) (i) The covered swap entity's obligations under the non-cleared swap or non-cleared security-based swap do not have a guarantee from: (A) An entity organized under the laws of the United States or any State (other than a U.S. branch or agency of a foreign bank) or a natural person who is a resident of the United States; or (B) A branch or office of an entity organized under the laws of the United States or any State; and (ii) The covered swap entity is: (A) A foreign covered swap entity; (B) A U.S. branch or agency of a foreign bank; or (C) An entity that is not organized under the laws of the United States or any State and is a subsidiary of a depository institution, Edge corporation, or agreement corporation. (4) (i) An entity organized under the laws o

official document · source cfr-2024 · id 12:§ 45.9