Sec. 402. DEFINITIONS
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## SEC. 402 DEFINITIONS **[**[7 U.S.C. 27](/us/usc/t7/s27)**]** ###
(a)Bank In this title, the term “**bank**” means— ####
(1)any depository institution (as defined in section 3(c) of the Federal Deposit Insurance Act); ####
(2)any foreign bank or branch or agency of a foreign bank (each as defined in section 1(b) of the International Banking Act of 1978); ####
(3)any Federal or State credit union (as defined in section 101 of the Federal Credit Union Act); ####
(4)any corporation organized under section 25A of the Federal Reserve Act; ####
(5)any corporation operating under section 25 of the Federal Reserve Act; ####
(6)any trust company; or ####
(7)any subsidiary of any entity described in paragraph
(1)through
(6)of this subsection, if the subsidiary is regulated as if the subsidiary were part of the entity and is not a broker or dealer (as such terms are defined in section 3 of the Securities Exchange Act of 1934) or a futures commission merchant (as defined in section 1a) of the Commodity Exchange Act). ###
(b)Identified Banking Product In this title, the term “**identified banking product**” shall have the same meaning as in paragraphs
(1)through
(5)of section 206(a) of the Gramm-Leach-Bliley Act, except that in applying such section for purposes of this title— ####
(1)the term “**bank**” shall have the meaning given in subsection
(a)of this section; and ####
(2)the term “**qualified investor**” means eligible contract participant (as defined in section 1a of the Commodity Exchange Act, as in effect on the date of the enactment of the Commodity Futures Modernization Act of 2000). ###
(c)Hybrid Instrument In this title, the term “**hybrid instrument**” means an identified banking product not excluded by section 403 of this Act, offered by a bank, having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities (as defined in section 1a of the Commodity Exchange Act).
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