Cleared transaction

Cleared transaction means an exposure associated with an outstanding derivative contract or repo-style transaction that a Board-regulated institution or clearing member has entered into with a central counterparty (that is, a transaction that a central counterparty has accepted).





(2) The exposure of a Board-regulated institution that is a clearing member to its clearing member client is not a cleared transaction where the Board-regulated institution is either acting as a financial intermediary and enters into an offsetting transaction with a CCP or where the Board-regulated institution provides a guarantee to the CCP on the performance of the client.3
3 For the standardized approach treatment of these exposures, see § 217.34(e) (OTC derivative contracts) or § 217.37(c) (repo-style transactions). For the advanced approaches treatment of these exposures, see §§ 217.132(c)(8) and (d) (OTC derivative contracts) or §§ 217.132(b) and § 217.132(d) (repo-style transactions) and for calculation of the margin period of risk, see §§ 217.132(d)(5)(iii)(C) (OTC derivative contracts) and § 217.132(d)(5)(iii)(A) (repo-style transactions).

Source

12 CFR § 217.2


Scoping language

As used in this part:

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