Ill. Admin. Code tit. 50, § 806.50 - Documentation Requirements

Current through Register Vol. 46, No. 15, April 8, 2022

An insurer shall maintain documentation and records relating to each derivative transaction, including, but not limited to:

a) The purpose or purposes of the transaction;
b) The assets or liabilities to which the transaction relates;
c) The specific derivative instrument used in the transaction;
d) For over-the-counter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount; and
e) For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.

Notes

Ill. Admin. Code tit. 50, § 806.50

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