Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 330 - LENDING LIMITS
Subpart C - DERIVATIVE TRANSACTIONS
Section 330.210 - Lending Limits; Derivatives
Universal Citation: 38 IL Admin Code ยง 330.210
Current through Register Vol. 48, No. 12, March 22, 2024
For purposes of Section 32 of the Act and Section 6013 of the Savings Bank Act, derivative transactions shall be included in the calculation of lending limits.
a) The calculation of derivatives as applied to lending limits for purposes of Section 32 of the Act and Section 6013 of the Savings Bank Act shall be determined pursuant to Section 330.230.
b) Intraday credit exposures arising from a derivative transaction are not subject to the lending limits of Section 32 of the Act and Section 6013 of the Savings Bank Act, as applicable, or this Part.
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