security-based swap

(A)Except as provided in subparagraph (B), the term “security-based swap” means any agreement, contract, or transaction that— (i)is a swap, as that term is defined under section 1a of the Commodity Exchange Act [7 U.S.C. 1a] (without regard to paragraph (47)(B)(x) of such section); and (ii)is based on— (I)an index that is a narrow-based security index, including any interest therein or on the value thereof; (II)a single security or loan, including any interest therein or on the value thereof; or (III)the occurrence, nonoccurrence, or extent of the occurrence of an event relating to a single issuer of a security or the issuers of securities in a narrow-based security index, provided that such event directly affects the financial statements, financial condition, or financial obligations of the issuer.

Source

15 USC § 78c(a)(68)(A)


Scoping language

When used in this chapter
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