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Public Law 111-203 including PTFA amendments

Page 111

Public Law 111-203 including PTFA amendments · 2026-09-26 edition · updated 2026-09-27 · California

agreement that is referred to in subclause (I), (II), or (III); or (V) any security agreement or arrangement or other credit enhancement related to any agree- ment or transaction referred to in subclause (I), (II), (III), or (IV), including any guarantee or reimbursement obligation in connection with any agreement or transaction referred to in any such subclause. (v) REPURCHASE AGREEMENT.—The term ‘‘repurchase agreement’’ (which definition also applies to a reverse repurchase agreement)— (I) means an agreement, including related terms, which provides for the transfer of one or more certificates of deposit, mortgage related secu- rities (as such term is defined in section 3 of the Securities Exchange Act of 1934), mortgage loans, interests in mortgage-related securities or mort- gage loans, eligible bankers’ acceptances, qualified foreign government securities (which, for purposes of this clause, means a security that is a direct obligation of, or that is fully guaranteed by, the central government of a member of the Organiza- tion for Economic Cooperation and Development, as determined by regulation or order adopted by the Board of Governors), or securities that are direct obligations of, or that are fully guaranteed by, the United States or any agency of the United States against the transfer of funds by the trans- feree of such certificates of deposit, eligible bankers’ acceptances, securities, mortgage loans, or interests with a simultaneous agreement by such transferee to transfer to the transferor thereof certificates of deposit, eligible bankers’ accept- ances, securities, mortgage loans, or interests as described above, at a date certain not later than 1 year after such transfers or on demand, against the transfer of funds, or any other similar agree- ment; (II) does not include any repurchase obligation under a participation in a commercial mortgage loan, unless the Corporation determines, by regula- tion, resolution, or order to include any such participation within the meaning of such term; (III) means any combination of agreements or transactions referred to in subclauses (I) and (IV); (IV) means any option to enter into any agree- ment or transaction referred to in subclause (I) or (III); (V) means a master agreement that provides for an agreement or transaction referred to in sub- clause (I), (III), or (IV), together with all supple- ments to any such master agreement, without LAWS regard to whether the master agreement provides for an agreement or transaction that is not a repurchase agreement under this clause, exceptPUBLIC with on anorris VerDate Nov 24 2008 21:17 Aug 02, 2010 Jkt 089139 PO 00203 Frm 00111 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203

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