Cleared Swaps Customer.
Cleared Swaps Customer. This term refers to any person entering into a Cleared Swap, but shall exclude:
(1) Any owner or holder of a Cleared Swaps Proprietary Account with respect to the Cleared Swaps in such account; and
(2) A clearing member of a derivatives clearing organization with respect to Cleared Swaps cleared on that derivatives clearing organization. A person shall be a Cleared Swaps Customer only with respect to its Cleared Swaps.
Source
17 CFR § 22.1
Scoping language
For the purposes of this part: