13 Dec 2018 certain of their qualified financial contracts (“QFCs”) to mitigate the risk of The full statutory definition of a QFC can be found at 12 U.S.C.. 29 Nov 2017 A. Qualified Financial Contracts, Default Rights, and Financial Stability and the International Banking Act of 1978 (12 U.S.C. 3101 et seq.) 12 Sep 2017 The Board is adopting a final rule to promote U.S. financial stability by 12 CFR 217: 12 CFR 249: 12 CFR 252; Agency/Docket Numbers: Regulations Q, Qualified financial contracts, default rights, and financial stability. In transferring any qualified financial contracts and related claims and property under subparagraph (A)(i), the Corporation as receiver for the covered financial company shall not make such transfer to a foreign bank, financial institution organized under the laws of a foreign country, or a branch or agency of a foreign bank or financial (a) Authority and purpose. Sections 11(e) (8) through (10) of the Federal Deposit Insurance Act, 12 U.S.C. 1821(e) (8) through (10), provide special rules for the treatment of qualified financial contracts of an insured depository institution for which the FDIC is appointed conservator or receiver, including rules describing the manner in which qualified financial contracts may be transferred certain of their qualified financial contracts “ The full statutory definition of a QFC can be found at 12 U.S.C. 5390(c)(8)(D). 8 Depending upon the terms in each specific contract, other types of agreements that relate to securities offerings may also be QFCs, including, without limitation, agreements among underwriters, purchase agreements (including 144A and Regulation S purchase Qualified Financial Contract means a commodity contract, forward contract, repurchase agreement, securities contract, swap agreement, and any similar agreement that the commissioner determines by regulation, resolution, or order to be a qualified financial contract for the purposes of this chapter.
(a) Authority and purpose. Sections 11(e) (8) through (10) of the Federal Deposit Insurance Act, 12 U.S.C. 1821(e) (8) through (10), provide special rules for the treatment of qualified financial contracts of an insured depository institution for which the FDIC is appointed conservator or receiver, including rules describing the manner in which qualified financial contracts may be transferred (m) Qualified financial contract or QFC means any qualified financial contract defined in 12 U.S.C. 5390(c)(8)(D), including without limitation, any “swap” defined in section 1a(47) of the Commodity Exchange Act (7 U.S.C. 1a(47)) and in any rules or regulations issued by the Commodity Futures Trading Commission pursuant to such section; any “security-based swap” defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) and in any rules or regulations issued by FDIC STATEMENT OF POLICY ON QUALIFIED FINANCIAL CONTRACTS This , 12 U.S.C. 1821 et seq. as amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"). In making this statement of policy, the Board of Directors recognizes the uniqueness of QFCs in the financial markets. Such contracts and transactions allow for appropriate liquidity and hedging operations
certain of their qualified financial contracts “ The full statutory definition of a QFC can be found at 12 U.S.C. 5390(c)(8)(D). 8 Depending upon the terms in each specific contract, other types of agreements that relate to securities offerings may also be QFCs, including, without limitation, agreements among underwriters, purchase agreements (including 144A and Regulation S purchase Qualified Financial Contract means a commodity contract, forward contract, repurchase agreement, securities contract, swap agreement, and any similar agreement that the commissioner determines by regulation, resolution, or order to be a qualified financial contract for the purposes of this chapter. PART 148—QUALIFIED FINANCIAL CONTRACTS RECORDKEEPING RELATED TO THE FDIC ORDERLY LIQUIDATION AUTHORITY End Part Start Amendment Part. 1. The authority citation for part 148 continues to read as follows: End Amendment Part Start Authority. Authority: 31 U.S.C. 321(b) and 12 U.S.C. 5390(c)(8)(H). End Authority Start Amendment Part. 2. (a) Authority and purpose. Sections 11(e) (8) through (10) of the Federal Deposit Insurance Act, 12 U.S.C. 1821(e) (8) through (10), provide special rules for the treatment of qualified financial contracts of an insured depository institution for which the FDIC is appointed conservator or receiver, including rules describing the manner in which qualified financial contracts may be transferred (m) Qualified financial contract or QFC means any qualified financial contract defined in 12 U.S.C. 5390(c)(8)(D), including without limitation, any “swap” defined in section 1a(47) of the Commodity Exchange Act (7 U.S.C. 1a(47)) and in any rules or regulations issued by the Commodity Futures Trading Commission pursuant to such section; any “security-based swap” defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) and in any rules or regulations issued by FDIC STATEMENT OF POLICY ON QUALIFIED FINANCIAL CONTRACTS This , 12 U.S.C. 1821 et seq. as amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"). In making this statement of policy, the Board of Directors recognizes the uniqueness of QFCs in the financial markets. Such contracts and transactions allow for appropriate liquidity and hedging operations
360.5 Definition of qualified financial contracts. (a) Authority and purpose. Sections 11(e) (8) through (10) of the Federal Deposit Insurance Act, 12 U.S.C. 13 Dec 2018 certain of their qualified financial contracts (“QFCs”) to mitigate the risk of The full statutory definition of a QFC can be found at 12 U.S.C.. 29 Nov 2017 A. Qualified Financial Contracts, Default Rights, and Financial Stability and the International Banking Act of 1978 (12 U.S.C. 3101 et seq.) 12 Sep 2017 The Board is adopting a final rule to promote U.S. financial stability by 12 CFR 217: 12 CFR 249: 12 CFR 252; Agency/Docket Numbers: Regulations Q, Qualified financial contracts, default rights, and financial stability.
PART 148—QUALIFIED FINANCIAL CONTRACTS RECORDKEEPING RELATED TO THE FDIC ORDERLY LIQUIDATION AUTHORITY End Part Start Amendment Part. 1. The authority citation for part 148 continues to read as follows: End Amendment Part Start Authority. Authority: 31 U.S.C. 321(b) and 12 U.S.C. 5390(c)(8)(H). End Authority Start Amendment Part. 2. (a) Authority and purpose. Sections 11(e) (8) through (10) of the Federal Deposit Insurance Act, 12 U.S.C. 1821(e) (8) through (10), provide special rules for the treatment of qualified financial contracts of an insured depository institution for which the FDIC is appointed conservator or receiver, including rules describing the manner in which qualified financial contracts may be transferred (m) Qualified financial contract or QFC means any qualified financial contract defined in 12 U.S.C. 5390(c)(8)(D), including without limitation, any “swap” defined in section 1a(47) of the Commodity Exchange Act (7 U.S.C. 1a(47)) and in any rules or regulations issued by the Commodity Futures Trading Commission pursuant to such section; any “security-based swap” defined in section 3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)) and in any rules or regulations issued by FDIC STATEMENT OF POLICY ON QUALIFIED FINANCIAL CONTRACTS This , 12 U.S.C. 1821 et seq. as amended by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA"). In making this statement of policy, the Board of Directors recognizes the uniqueness of QFCs in the financial markets. Such contracts and transactions allow for appropriate liquidity and hedging operations The FDIC is amending its regulations regarding Recordkeeping Requirements for Qualified Financial Contracts (``Part 371''), which require insured depository institutions (``IDIs'') in a troubled condition to keep records relating to qualified financial contracts (``QFCs'') to which they are