Trigger swap

Trigger swap means a swap:
(1) That is executed pursuant to one or more prime brokerage agency arrangements;
(2) To which one counterparty or both counterparties are prime brokers;
(3) That serves as the contingency for, or triggers, the execution of one or more corresponding mirror swaps; and
(4) That is a publicly reportable swap transaction that is required to be reported to a swap data repository pursuant to this part and part 45 of this chapter. A prime broker swap executed on or pursuant to the rules of a swap execution facility or designated contract market shall be treated as the trigger swap for purposes of this part.

Source

17 CFR § 43.2

---

Scoping language

Definitions. As used in this part:

---

Is this correct? or