Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 505 - BANKING SECTION (IN GENERAL)
Section 441-505-3090 - Interest Rate Swap Transactions
Universal Citation: OR Admin Rules 441-505-3090
Current through Register Vol. 63, No. 3, March 1, 2024
(1) An Oregon bank may engage in interest rate swap transactions and pledge bank assets to counterparties to secure the transactions.
(2) The Oregon bank's aggregate risk exposure, at any time, to each of its counterparties shall not exceed the bank's legal lending limit. The bank's risk exposure under an interest rate swap transaction shall be estimated using any of the methods considered acceptable for national banks by the Office of the Comptroller of the Currency.
Stat. Auth.: ORS 706.790
Stats. Implemented: ORS 706.795
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