Ohio Administrative Code
Title 1301:1 - Division of Financial Institutions: Banks
Chapter 1301:1-3 - Lending Limits and Standards
Section 1301:1-3-01.1 - Derivative transactions

Universal Citation: OH Admin Code 1301:1-3-01.1

Current through all regulations passed and filed through March 18, 2024

(A) As used in division (A)(1) of section 1109.22 of the Revised Code, "loans and extensions of credit" must also include any credit exposure to a person arising from a derivative transaction between the person and the state bank.

(B) As used in this rule, "derivative transaction" includes any transaction that is a contract, agreement, swap, warrant, note, or option that is based, in whole or in part, on the value of, any interest in, or any quantitative measure or the occurrence of any event relating to, one or more commodities, securities, currencies, interest or other rates, indices, or other assets.

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