Ill. Admin. Code tit. 38 § 330.210

Current through Register Vol. 48, No. 50, December 13, 2024

Section 330.210 - Lending Limits; Derivatives

For purposes of Section 32 of the Act and Section 6013 of the Savings Bank Act, derivative transactions shall be included in the calculation of lending limits.

a) The calculation of derivatives as applied to lending limits for purposes of Section 32 of the Act and Section 6013 of the Savings Bank Act shall be determined pursuant to Section 330.230.

b) Intraday credit exposures arising from a derivative transaction are not subject to the lending limits of Section 32 of the Act and Section 6013 of the Savings Bank Act, as applicable, or this Part.

Ill. Admin. Code tit. 38, § 330.210

Added at 37 Ill. Reg. 5807, effective April 22, 2013