What is PCA principal Dodd-Frank?
What is PCA principal Dodd-Frank?
Defines a “PCA Principal” as a party who is or may become a principal to one or more swaps under a Protocol Covered Agreement, and a “PCA Agent” as a party who has executed a Protocol Covered Agreement as an agent on behalf of a one or more PCA Agents.
What is Dodd-Frank protocol?
The ISDA August 2012 Dodd-Frank Protocol (“DF Protocol 1”) addresses certain requirements of the CFTC External Business Conduct Standards, among others, and applies to US-person (as defined by the CFTC) counterparties to transactions in swaps, foreign exchange swaps or foreign exchange forwards with Deutsche Bank AG (“ …
What is a designated Qir?
Designated QIR means, with respect to a party to the Agreement, the person (if any) that such party has represented in writing to the Swap Dealer has been selected in accordance with policies and procedures reasonably designed to ensure that such person satisfies the applicable requirements of CFTC Rule 23.450(b)(1).
What is a swap dealer under Dodd-Frank?
According to Section 721 of the Dodd-Frank Act, a swap dealer is an entity that: Holds itself out as dealer in swaps; Makes a market in swaps; Regularly enters into swaps with counterparties as an ordinary course of business for its own account; or.
What is a PCA principal ISDA?
PCA Principal means a party who is or may become a principal to one or more Swaps under a Protocol Covered Agreement. “PCA Agent” means a party who has executed a Protocol Covered Agreement as agent on behalf of one or more PCA Principals.
What is ISDA Amend?
Markit Counterparty Manager ISDA Amend is an online tool that enables market participants to automate the exchange of jurisdictional entity status information and amendments of multiple Credit Support Annex (CSA) Agreements, in order to facilitate compliance with the non-cleared margining rules globally.
Are financial entities swap dealers?
A swap dealer (SD) is an entity that holds itself out as a dealer in swaps; makes a market in swaps; regularly enters into swaps with counterparties as an ordinary course of business for its own account; or engages in any activity causing the entity to be commonly known in the trade as a dealer or market maker in swaps …
What is a protocol covered agreement?
Related Definitions Protocol Covered Agreement means a DF Terms Agreement or an existing written agreement between two parties that governs the terms and conditions of one or more transactions in Swaps that each such party has or may enter into as principal.
What is a protocol covered document?
Protocol Covered Documents comprise not only ISDA-published master agreements (e.g., the 1992 and 2002 forms of the ISDA Master Agreement) and credit support documents (i.e., an ISDA Credit Support Annex or Credit Support Deed), but also certain other forms of master agreements and credit support documents enumerated …
What is PCA principal Dodd-Frank? Defines a “PCA Principal” as a party who is or may become a principal to one or more swaps under a Protocol Covered Agreement, and a “PCA Agent” as a party who has executed a Protocol Covered Agreement as an agent on behalf of a one or more PCA Agents.…