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 240.3a128 on the debt securities of any one or more of the foreign governments enumerated in 240.3a128, provided that such agreement, contract, or transaction satisfies the following conditions:


17 CFR § 240.3a68-5

Scoping language

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