Operational support requirements.

CFR · 2024-01-01 · US · Title 12

(a) (1) (ii) Any person that becomes a board member after the initial Derivatives transaction must receive the same training, updated if necessary, as required by paragraph (a)(1)(i) of this section. (iii) At least annually after the initial Derivatives transaction, as part of the Derivatives reporting requirement in § 703.105(a), the Federal credit union's Senior Executive Officers must brief the board members on the Federal credit union's use of Derivatives to manage Interest Rate Risk. (2) (3) (i) (ii) (iii) (iv) (b) (1) (2) (3) (4) (5) (6) (i) Asset/liability risk management; (ii) Accounting and financial reporting; (iii) Derivatives execution and oversight; and (iv) Counterparty, collateral and Margin management. (c)

official document · source cfr-2024 · id 12:§ 703.106