Eligible contract participant cea
A borrower must be an “eligible contract participant,” as defined in section 1a(18) of the Commodity Exchange Act (“CEA”), in order to use an interest rate swap to hedge interest rate risk This entry was posted in cftc, Commodities and Futures, CPO, CTA, Forex and tagged CEA, commodity exchange act, commodity law, ecp, eligible contract participant, forex lawyer on January 15, 2010 by Hedge Fund Lawyer. Post navigation ← Retail FOREX Registration Regulations Proposed Hedge Fund Marketing – Building a Strong Brand Identity → Section 723(a)(2) of the Dodd-Frank Wall Street Reform and Consumer Protection Act amended Section 2(e) of the Commodity Exchange Act, or CEA to provide that “it shall be unlawful for any person, other than an [eligible contract participant, or ECP], to enter into a swap unless the swap is entered into on, or subject to the rules of, a board of trade designated as a contract market under Eligible Commercial Entity: An eligible contract participant or other entity approved by the CFTC that has a demonstrable ability to make or take delivery of an underlying commodity of a contract; incurs risks related to the commodity; or is a dealer that regularly provides risk management, hedging services, or market-making activities to A swap dealer or major swap participant shall verify that a counterparty meets the eligibility standards for an eligible contract participant, as defined in Section 1a(18) of the Act and § 1.3 of this chapter, before offering to enter into or entering into a swap with that counterparty. (b) Special Entity.
Item 7 - 521 GlossaryEligible Contract Participant (ECP)Related ContentAn entity that is classified by the Commodity Exchange Act (CEA) based on its regulated
GlossaryEligible Contract Participant (ECP)Related ContentAn entity that is classified by the Commodity Exchange Act (CEA) based on its regulated status or amount of assets. The definition of "Eligible Contract Participant" (ECP) is found in Section 1a(18) of the CEA (7 U.S.C. § 1a(18)). ECP classification permits these persons to engage in transactions (such as trading on a derivatives Eligible Contract Participant means, with respect to any Rate Management Transaction, a Person that is an “eligible contract participant”, as defined in the Commodity Exchange Act, with respect to such Rate Management Transaction. . . . as defined in the Commodity Exchange Act, Section 4(c)(3)(A) – (J). "Eligible Contract Participant" . . . as defined in: 1. the CEA at Section 1a(18)(A) and the broker or dealer or foreign person shall not be considered to be an eligible contract participant unless the broker or dealer or foreign person also meets the requirements “The term "eligible contract participant" means--(A) acting for its own account--(i) a financial institution; (ii) an insurance company that is regulated by a State, or that is regulated by a foreign government and is subject to comparable regulation as determined by the Commission, including a regulated subsidiary or affiliate of such an insurance company; have reviewed the definitions of Eligible Contract Participant (ECP) in section 1a (18) of the Commodity Exchange Act (“the Act”) and the CFTC rule 17 CFR 1.3, and hereby certify: 1. net worth of applicant is: USD. 2. It is my reasonable belief that aforementioned applicant is classified as a ECP under category What is the definition of Eligible Contract Participant? Commission Regulations provide that the current definition of an ECP includes swap dealers (including securities-based swap dealers) and MSPs (including securities-based MSPs). An ECP cannot enter into a swap except on or subject to the rules of a designated contract market. Under the Commodity Exchange Act (CEA), as amended by Dodd-Frank, it is unlawful for any person other than an eligible contract participant (ECP), as defined in Section 1a(18) of the CEA, to enter into a swap unless the swap is entered into on, or subject to the rules of, a DCM or certain other limited exemptions apply.
This entry was posted in cftc, Commodities and Futures, CPO, CTA, Forex and tagged CEA, commodity exchange act, commodity law, ecp, eligible contract participant, forex lawyer on January 15, 2010 by Hedge Fund Lawyer. Post navigation ← Retail FOREX Registration Regulations Proposed Hedge Fund Marketing – Building a Strong Brand Identity →
30 Apr 2013 The Commodity Exchange Act (“CEA”) authorizes the CFTC, either upon Either party is not an “eligible contract participant” (“ECP”); or; The 6 Jul 2011 "eligible contract participant" ("ECP") under the CEA. foreign exchange transactions that are spot contracts or forward contracts irrespective of.
8 Nov 2019 The CEA, unlike the federal securities laws, does not include an 4 Eligible contract participants include various categories of persons and
The CEA defines “commodity” very broadly (see definition below, emphasis added). contract, or transaction between eligible contract participants or persons as defined in the Commodity Exchange Act, Section 4(c)(3)(A) – (J). "Eligible Contract Participant" . . . as defined in: 1. the CEA at Section 1a(18)(A) and. 2. Eligible Contract Participant - Definition. IMPORTANT: Note that regulations are subject to change and clients are responsible for determining whether or not Section 1a of the Commodity Exchange Act (``CEA'') \2\ sets forth. defined terms referenced an eligible contract participant under either section 1a(18)(A)(iv) or. 31 Jan 2018 Eligible Contract Participant Requirement. Dodd-Frank makes it accordance with the Commodity Exchange Act (CEA) and CFTC rules.10. 7. The Commodity Exchange Act (CEA) requires certain firms and individuals a person who is not an eligible contract participant and the transaction is either:. CFTC and SEC Propose Rules to Further Define the Term “Eligible Contract of ECP under the Commodity Exchange Act (“CEA”) (the “Proposed Rules”).
. . . as defined in the Commodity Exchange Act, Section 4(c)(3)(A) – (J). "Eligible Contract Participant" . . . as defined in: 1. the CEA at Section 1a(18)(A) and the broker or dealer or foreign person shall not be considered to be an eligible contract participant unless the broker or dealer or foreign person also meets the requirements
Item 7 - 521 GlossaryEligible Contract Participant (ECP)Related ContentAn entity that is classified by the Commodity Exchange Act (CEA) based on its regulated
13 Oct 2012 the Commodity Exchange Act, or CEA to provide that “it shall be unlawful for any person, other than an [eligible contract participant, or ECP], 2 May 2013 Section 1a(18) of the CEA defines an eligible contract participant (or “ECP”) as an entity or an individual that satisfies specific criteria enumerated The CEA defines “commodity” very broadly (see definition below, emphasis added). contract, or transaction between eligible contract participants or persons as defined in the Commodity Exchange Act, Section 4(c)(3)(A) – (J). "Eligible Contract Participant" . . . as defined in: 1. the CEA at Section 1a(18)(A) and. 2. Eligible Contract Participant - Definition. IMPORTANT: Note that regulations are subject to change and clients are responsible for determining whether or not Section 1a of the Commodity Exchange Act (``CEA'') \2\ sets forth. defined terms referenced an eligible contract participant under either section 1a(18)(A)(iv) or. 31 Jan 2018 Eligible Contract Participant Requirement. Dodd-Frank makes it accordance with the Commodity Exchange Act (CEA) and CFTC rules.10. 7.