---
kind: "section"
citation: "17 C.F.R. § 22.7"
title: "17"
number: "22.7"
heading: "Permitted depositories: Treatment of Cleared Swaps Customer Collateral."
url: "https://uscodex.org/cfr/17/22.7"
---

# §22.7. Permitted depositories: Treatment of Cleared Swaps Customer Collateral.


A Permitted Depository shall treat all funds in a Cleared Swaps Customer Account as Cleared Swaps Customer Collateral. A Permitted Depository shall not hold, dispose of, or use any such Cleared Swaps Customer Collateral as belonging to any person other than:

- (a) The Cleared Swaps Customers of the futures commission merchant maintaining such Cleared Swaps Customer Account or;
- (b) The Cleared Swaps Customers of the futures commission merchants for which the derivatives clearing organization maintains such Cleared Swaps Customer Account.

## Notes

### Authority

Authority: 7 U.S.C. 1a, 6d, 7a-1 as amended by Pub. L. 111-203, 124 Stat. 1376.

### Source

Source: 77 FR 6371, Feb. 7, 2012, unless otherwise noted.