§ 22.8. Situs of Cleared Swaps Customer Accounts.
72 words·~1 min read·
/us/cfr/t17/s§ 22.8·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The situs of each of the following shall be located in the United States:
(a)Each FCM Physical Location or DCO Physical Location;
(b)Each "account," within the meaning of § 22.2(f)(1), that a futures commission merchant maintains for each Cleared Swaps Customer; and
(c)Each Cleared Swaps Customer Account on the books and records of a derivatives clearing organization with respect to the Cleared Swaps Customers of a futures commission merchant.