Code of Federal Regulations (alpha)

CFR /  Title 17  /  Part 37  /  Sec. 37.1304 Valuation of financial resources.

No less than each fiscal quarter, a swap execution facility shall compute the current market value of each financial resource used to meet its obligations under Sec. 37.1301. Reductions in value to reflect market and credit risk (``haircuts'') shall be applied as appropriate.