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Code · CFR · Title 17 — Commodity and Securities Exchanges · Part 37 — Swap Execution Facilities · § 37.1305

§ 37.1305. Valuation of financial resources.

45 words·~1 min read·/us/cfr/t17/s§ 37.1305·

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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.
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§ 37.1305
Valuation of financial resources.
Fed. Reg.×4
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