What is the definition of an eligible contract participant?

Eligible Contract Participant: An entity, such as a financial institution, insurance company, or commodity pool, that is classified by the Commodity Exchange Act as an eligible contract participant based upon its regulated status or amount of assets.

Are security-based swap dealer eligible contract participant?

the security-based swaps may be purchased only by “eligible contract participants” and the reports do not represent the initiation (or reinitiation) of publication of reports regarding such issuer or its securities.

What is a swap participant?

A Major Swap Participant is a person or entity that maintains a substantial net position in swaps, exclusive of hedging for commercial risk, or whose positions creates such significant exposure to others that it requires monitoring.

Which of the following is considered eligible for contract?

According to Section 11, “Every person is competent to contract who is of the age of majority according to the law to which he is subject, and who is of sound mind and is not disqualified from contracting by any law to which he is subject.”

Who is a major swap participant?

Definition of “Major Swap Participant” (MSP) A person whose outstanding swaps create “substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets.”

What is a designated contract market?

Designated contract markets (DCMs) are exchanges that may list for trading futures or option contracts based on all types of commodities and that may allow access to their facilities by all types of traders, including retail customers.

Which section defines contract?

Section 2(h)
Under Section 2(h), the Indian Contract Act defines a contract as an agreement which is enforceable by law.

Who is not eligible for a contract?

Any person who is not of the age of majority is a minor. In India, 18 years is the age of majority. Below the age of 18 years does not have the capacity to enter into a contract. A contract or agreement with a minor is null from the beginning, and no one can sue them.

What is an Expit?

The expit function is simply the inverse of the logit function. It is defined as. It takes any real number and transforms it to a value in .

What is Expit in trading?

Definition. The term ex-pit transaction refers to a commodity transaction that takes place away from the floor of the exchange where it would normally occur. Ex-pit transactions typically involve the cash market and a private deal between two hedgers.

What is SEF and DCM?

Section 733 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) adopts new Section 5h of the Commodity Exchange Act (CEA), which provides that no person may operate a facility for the trading or processing of swaps unless the facility is registered as a swap execution facility (SEF) or as …

How do you become a designated contract market?

To be designated as a contract market, a board of trade must demonstrate to the CFTC that the board of trade meets the criteria including the capacity to prevent market manipulation and establish and enforce trading rules to ensure fair and equitable trading.

What is section 2 C of Contract Act?

2(c)-provides that the person making the proposal is called the promiser and the person accepting the proposal is called the promisee. Quoting an example. A sells a horse to B through an auction conducted.

What is a contract Section 2h?

Section 2(h) defines a contract as an “agreement enforceable by law”. This implies that there are two primary ingredients of a contract: an agreement and enforceability. Only a valid contract is enforceable by law, and a contract must fulfil certain conditions to be valid.

Which section defines acceptance?

Section 2 (b)
The Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted.

What is an eligible contract participant under the Act?

Eligible contract participant. This term has the meaning set forth in Section 1a (18) of the Act, except that: (iii) The commodity pool is formed and operated by a registered commodity pool operator or by a commodity pool operator who is exempt from registration as such pursuant to § 4.13 (a) (3) of this chapter.

What does Dodd-Frank mean for non-ECPs?

The Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted in response to the financial crisis in 2008, prohibits non-ECPs from engaging in certain over-the-counter derivative transactions.

What is the commodity futures trading commission doing under Dodd-Frank?

The Commodity Futures Trading Commission is in the process of implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act. Under Dodd-Frank, in August 2010, the Commission began issuing proposed rules and soliciting public comment. View Dodd-Frank Proposed Rules, Guidance and Exemptive Orders

When did the Dodd-Frank Wall Street reform and Consumer Protection Act take effect?

Retail Foreign Exchange Transactions; Conforming Changes to Existing Regulations in Response to the Dodd-Frank Wall Street Reform and Consumer Protection Act Effective Date: Monday, September 12, 2011