Qualifying cross-product master netting agreement
Qualifying cross-product master netting agreement means a qualifying master netting agreement that provides for termination and close-out netting across multiple types of financial transactions or qualifying master netting agreements in the event of a counterparty's default, provided that the underlying financial transactions are OTC derivative contracts, eligible margin loans, or repo-style transactions. In order to treat an agreement as a qualifying cross-product master netting agreement for purposes of this subpart, a Board-regulated institution must comply with the requirements of 217.3 of this part with respect to that agreement.
12 CFR § 217.101
Terms that are set forth in 217.2 and used in this subpart have the definitions assigned thereto in 217.2.