1. Regulations
  2. title 17
  3. chapter I
  4. part 37
  5. subpart N
  6. § 37.1305

View all text of Subpart N [§ 37.1300 - § 37.1307]

§ 37.1305 - Valuation of financial resources.

No less than each fiscal quarter, a swap execution facility shall compute the current market value of each financial resource used to meet its obligations under §§ 37.1301 and 37.1303. Reductions in value to reflect market and credit risk (“haircuts”) shall be applied as appropriate.

AUTHORITY: 7 U.S.C. 1a, 2, 5, 6, 6c, 7, 7a-2, 7b-3, and 12a, as amended by Titles VII and VIII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376.

SOURCE: 78 FR 33582, June 4, 2013, unless otherwise noted.

CITE AS: 17 CFR 37.1305