Definitions.

CFR · 2024-01-01 · US · Title 12

As used in this part: (1) The following transactions are cleared transactions: (i)-(ii) [Reserved] (iii) A transaction between a clearing member client System institution and a clearing member where the clearing member acts as a financial intermediary on behalf of the clearing member client and enters into an offsetting transaction with a CCP, provided that the requirements set forth in § 628.3(a) are met; or (iv) A transaction between a clearing member client System institution and a CCP where a clearing member guarantees the performance of the clearing member client System institution to the CCP and the transaction meets the requirements of § 628.3(a)(2) and (3). (2) [Reserved] (1) Under applicable law in the relevant jurisdictions, other than: (i) In receivership, conservatorship, or resolution under the Federal Deposit (ii) Where the agreement is subject by its terms to, or incorporates, any of the laws referenced in paragraph (1)(i) of this definition; or (2) Other than to the extent necessary for the counterparty to comply with the requirements of part 47, subpart I of part 252, or part 382 of this title, as applicable. (1) For allocated equities, the calendar quarter-ending in which: (i) The System institution's Board of Directors has passed a resolution declaring a patronage refund; and (ii) The System institution has completed the applicable accounting treatment by segregating the new allocated equities from its unallocated retained earnings. (2) For purchased stock

official document · source cfr-2024 · id 12:§ 628.2