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   Eligible Swap Participant
   















 

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Eligible Swap Participant

Eligible swap participants are the only parties permitted to enter into swap agreements exempt from regulation by the Commodity Futures Trading Commission (CFTC). There is a long list of eligible swap participants including banks and trust companies, savings associations, insurance companies, commodity pools, corporations, partnerships, proprietorships, and other organizations, including trusts, employee benefit plans, governmental entities, broker/dealers, futures commission merchants, and any natural person with total assets exceeding $10 million. There are asset and net worth requirements for some of the other eligible swap participants as well as the requirement for individuals. Also called Appropriate Person. See also Swap Rules.

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