New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter VI - AUTHORIZED INVESTMENTS
Part 178 - DERIVATIVE TRANSACTIONS
Section 178.6 - Documentation and reporting requirements
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 178.6
Current through Register Vol. 46, No. 39, September 25, 2024
In accordance with Part 243 of this Title (Regulation 152), the insurer shall maintain documentation and records relating to each derivative transaction including:
(a) the purpose or purposes of the transaction;
(b) the assets or liabilities (or portfolios thereof) to which the transaction relates;
(c) the specific derivative instruments used in the transaction;
(d) for over-the-counter derivative transactions, the name of the counterparty, and counterparty exposure amount; and
(e) for exchange-traded derivative instruments, the name of the exchange and the name of the firm handling the trade.
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