This subarticle contains regulations pertaining to derivative credit exposure as contemplated by Financial Code Sections 1480 and 1481. For purposes of this subarticle, the term "obligations" is not restricted to loan products. Rather, it also encompasses "credit exposure to derivative transactions," which are subject to the limit imposed by Financial Code Section 1481.
Cal. Code Regs. Tit. 10, § 10.190500
2. New subarticle 6 (sections 10.190500-10.190501) and section adopted pursuant to Financial Code section 332(d) filed 7-23-2014; operative 10-1-2014 (Register 2014, No. 30).
Note: Authority cited: Sections 326 and 332, Financial Code. Reference: Sections 1480 and 1481, Financial Code.
2. New subarticle 6 (sections 10.190500-10.190501) and section adopted pursuant to Financial Code section 332(d) filed 7-23-2014; operative 10/1/2014 (Register 2014, No. 30).