---
kind: "section"
citation: "12 C.F.R. § 709.12"
title: "12"
number: "709.12"
heading: "Treatment of swap agreements in liquidation or conservatorship."
url: "https://uscodex.org/cfr/12/709.12"
---

# §709.12. Treatment of swap agreements in liquidation or conservatorship.


The Board has determined that a swap agreement, as defined in the Federal Deposit Insurance Act at [12 U.S.C. 1821(e)(8)(D)(vi)](/usc/12/1821.md?p=e-8-D-vi), is a qualified financial contract for purposes of the special treatment for qualified financial contracts provided in [12 U.S.C. 1787(c)](/usc/12/1787.md?p=c). Any master agreement for any swap agreement, together with all supplements to such master agreement, will be treated as one swap agreement.


## Notes

### Amendments

[68 FR 32356, May 30, 2003. Redesignated at 82 FR 50294, Oct. 30, 2017]

### Authority

Authority: 12 U.S.C. 1757, 1766, 1767, 1786(h), 1786(t), and 1787(b)(4), 1788, 1789, 1789a.

### Source

Source: 56 FR 56925, Nov. 7, 1991, unless otherwise noted.

### Amendments

[68 FR 32356, May 30, 2003. Redesignated at 82 FR 50294, Oct. 30, 2017]