Dodd-Frank: Definitions

Terms Defined within the Dodd-Frank Act

Title I:

1. Financial Institution: 12 U.S.C. § 5462(5).

2. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

3. Bank Holding Company: 12 U.S.C. § 1841(a)(1).

Title II:

1. Financial Institution: 12 U.S.C. § 5462(5).
2. Bridge Financial Organization: 12 U.S.C. § 5381(a)(3).
3. Broker: 15 U.S.C. § 78c(a)(4).
4. Dealer: 15 U.S.C. § 78c(a)(5).

Title III:

1. Savings Association: 12 U.S.C. § 1813(b).
2. Non-interest Bearing Transaction Account: 12 C.F.R. § 370.2(h)

Title IV:

1. Investment Adviser 15 U.S.C. § 80b-2(a)(11).
2. Accredited Investor: 17 C.F.R. § 230.215.
3. Investment Company: 15 U.S.C. § 80a-3.
4. Venture Capital Fund: still waiting to be defined under 15 U.S.C. § 80a-3(l).
5. Intrastate Adviser: 15 U.S.C. § 80a-3(b)(1).

Title V:

1. Non-admitted Insurance: 15 U.S.C. § 8206(9).

2. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

3. Premium Tax: 15 U.S.C. § 8206(12).

4. Reinsurance: 15 U.S.C. § 8206(14).

5. State of Domicile: 15 U.S.C. § 8223(2).

6. Surplus Lines Broker: 15 U.S.C. § 8206(15).

Title VI:

1. Bank Holding Company: 12 U.S.C. § 1841(a)(1).

2. Savings and Loan Holding Company: 12 U.S.C. § 1467a(a)(1)(D).

3. Proprietary Trading: 12 U.S.C. § 1851(b)(4).

4. Depository Institution: 12 U.S.C. § 1813(c)(1).

5. Financial Holding Company: 12 U.S.C. § 1841(p).

6. Derivative Transaction: 12 U.S.C. § 84(b)(3)

7. Repurchase Agreement/Reverse Repurchase Agreement: 12 U.S.C. § 5390(v)

8. Banking Entity: 12 U.S.C. § 1851(h)(1)

9. Nonbank Financial Company: 12 U.S.C. § 5311(a)(4)(B).

10. Interest-Bearing Transaction Account:

Title VII:

1. Eligible Contract Participant: 7 U.S.C. § 1a(18)
2. Foreign Exchange Swap: 7 U.S.C. § 1a(25).
3. Major Swap Participant: 7 U.S.C. § 1a(33).
4. Swap: 7 U.S.C. § 1a(47).
5. Security-Based Swap: 15 U.S.C. § 78c(a)(68).
6. Swap Dealer: 7 U.S.C. § 1a(49).
7. Security-Based Swap Dealer: 7 U.S.C. § 1a(43).
8. Major Security-Based Swap Participant: 7 U.S.C. § 1a(32).
9. Security-Based Swap Agreement: 15 U.S.C. § 78c(a)(78)
10. Designated Contract Market: 7 U.S.C. § 7(d).
11. Swap Data Repository: 7 U.S.C. § 1a(48).
12. Security-Based Swap Data Repository: 15 U.S.C. § 78c(a)(75)

Title VIII:

1. Financial Market Utility: 12 U.S.C. § 5462(6).
2. Security-Based Swap: 15 U.S.C. § 78c(a)(68).
3. Financial Institution: 12 U.S.C. § 5462(5).

Title IX:

1. Federal banking agency: 15 U.S.C. § 5301(10).
2. Originator: 15 U.S.C. § 78o-11(a)(4).
3. Qualified Residential Mortgage: 15 U.S.C. § 78o-11(e)(4)(B).
4. Securitizer: 15 U.S.C. § 78o-11(a)(3).

Title X:

1. Covered Persons/Non-depository Covered Persons: waiting to be defined under 12 U.S.C. § 5514(a)(2).
2. Visitorial Authority/Powers: 12 C.F.R. § 7.4000.
3. Federal Consumer Financial Laws: 12 U.S.C. § 5481(14)

Title XI:

1. Credit facility: 31 U.S.C. § 714(f)(1)(A)
2. Financial Institution: 12 U.S.C. § 5462(5)
3. Insured Depository Institution: means any insured depository institution (as that term is defined in 12 U.S.C. § 1813(c)(2)) and any insured credit union (as that term is defined in 12 U.S.C. 1752).

1. Insured Depository Institution Holding Company: 12 U.S.C. § 1813(w)(1)

Title XIV:

• Mortgage Originator: 12 C.F.R.  § 610.102(b)
• Prime Offer Rate: 15 U.S.C. § 1639c(b)(2)(B)

Title XVI:

1. Swap: 7 U.S.C. § 1a(47)

Terms Needing Plain Language Definitions

Title I:

1. Contingent Capital
2. Off Balance-Sheet Expenses
3. Short-term Debt
4. Credit Exposure
5. Liquidity
6. Parent Company
7. Systemic Risk

Title II:

1. Credit Exposure
2. Investment Bank
3. Counterparty
4. Systemic Risk

Title III:

1. Risk-based System
2. Procyclical
3. Dual Banking System (state and federal)

Title IV:

1. Systemic Risk
2. Counterparty
3. Credit Exposure

Title V:

1. Supervisory Authority (of an agency): [in this context, the authority to monitor, inspect, and examine agency’s health and compliance with laws]
2. Surplus Lines Insurance

3. NAIC-accreditation: in the terms of the insurance industry, accreditation is a certification given to a state insurance department once it has demonstrated it has met and continues to meet an assortment of legal, financial and organizational standards as determined by a committee of its.  NAIC provides a list of accredited states.

Title VI:

1. Capital Requirements:

2. Countercyclical:

3. Securities Lending Transaction:

4. Securities Borrowing Transaction:

5. Interest-Bearing Transaction Account:

6. Demand Deposit:

Title VII:

1. Foreign Exchange Future:

13. Clearinghouse:

Title VIII:

1. Systemic Risk:

Title XIV:

1. Debt Acceleration:
2. Mortgage Prepayment Fee:
3. Mortgage Point:
4. Impound Account:

Title XV:

1. Core Deposit:
2. Brokered Deposit:

Title XVI:

1. Interest Rate Swap:
2. Credit Default Swap:
3. Interest Rate Cap:
4. Interest Rate Floor:
5. Commodity Swap:
6. Equity Swap:
7. Equity Index Swap:
8. Securities Futures Contract:
9. Option on Securities Futures Contract:
10. Currency Swap:
11. Basis Swap: