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Rule Title: LENDING LIMITS APPLICABLE TO DERIVATIVE TRANSACTIONS
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Banks
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.127    LENDING LIMITS APPLICABLE TO DERIVATIVE TRANSACTIONS

(1) For purposes of 32-1-432, MCA, derivative transactions and securities financing transactions must be included in the calculation of lending limits.

(2) The calculation of credit exposure arising from derivative transactions and securities financing transactions for lending limit purposes under 32-1-432, MCA, must be determined pursuant to Appendix A to ARM 2.59.129 dated April 20, 2015.

(3) Loans not subject to lending limits of 32-1-432, MCA, and this regulation are:

(a) credit exposures arising from transactions financing certain government securities. Credit exposures arising from securities financing transactions in which the securities financed are Type I securities, as defined in ARM 2.59.125 and 12 CFR 1.2(j);

(b) intraday credit exposures arising from derivative transactions or securities financing transactions; and

(c) other exceptions as applicable.

History: 32-1-432, MCA; IMP, 32-1-432, MCA; NEW, 2014 MAR p. 675, Eff. 4/11/14; AMD, 2015 MAR p. 814, Eff. 6/26/15.


 

 
MAR Notices Effective From Effective To History Notes
2-59-524 6/26/2015 Current History: 32-1-432, MCA; IMP, 32-1-432, MCA; NEW, 2014 MAR p. 675, Eff. 4/11/14; AMD, 2015 MAR p. 814, Eff. 6/26/15.
2-59-502 4/11/2014 6/26/2015 History: 32-1-432, MCA; IMP, 32-1-432, MCA; NEW, 2014 MAR p. 675, Eff. 4/11/14.
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