security-based swap

The term security-based swap as used in section 3(68) of the Act (15 U.S.C. 78c(a)(68)) does not include an agreement, contract, or transaction that is based on or references a qualifying foreign futures contract (as defined in 240.3a12-8 on the debt securities of any one or more of the foreign governments enumerated in 240.3a12-8, provided that such agreement, contract, or transaction satisfies the following conditions:


17 CFR § 240.3a68-5

Scoping language

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