Page:United States Statutes at Large Volume 119.djvu/189

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

[119 STAT. 171]
PUBLIC LAW 109-000—MMMM. DD, 2005
[119 STAT. 171]

PUBLIC LAW 109–8—APR. 20, 2005

119 STAT. 171

in connection with any such agreement or transaction, measured in accordance with section 562;’’; (B) in paragraph (46), by striking ‘‘on any day during the period beginning 90 days before the date of’’ and inserting ‘‘at any time before’’; (C) by amending paragraph (47) to read as follows: ‘‘(47) ‘repurchase agreement’ (which definition also applies to a reverse repurchase agreement)— ‘‘(A) means— ‘‘(i) an agreement, including related terms, which provides for the transfer of one or more certificates of deposit, mortgage related securities (as defined in section 3 of the Securities Exchange Act of 1934), mortgage loans, interests in mortgage related securities or mortgage loans, eligible bankers’ acceptances, qualified foreign government securities (defined as a security that is a direct obligation of, or that is fully guaranteed by, the central government of a member of the Organization for Economic Cooperation and Development), 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 transferee 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’ acceptance, securities, mortgage loans, or interests of the kind described in this clause, at a date certain not later than 1 year after such transfer or on demand, against the transfer of funds; ‘‘(ii) any combination of agreements or transactions referred to in clauses (i) and (iii); ‘‘(iii) an option to enter into an agreement or transaction referred to in clause (i) or (ii); ‘‘(iv) a master agreement that provides for an agreement or transaction referred to in clause (i), (ii), or (iii), together with all supplements to any such master agreement, without regard to whether such master agreement provides for an agreement or transaction that is not a repurchase agreement under this paragraph, except that such master agreement shall be considered to be a repurchase agreement under this paragraph only with respect to each agreement or transaction under the master agreement that is referred to in clause (i), (ii), or (iii); or ‘‘(v) any security agreement or arrangement or other credit enhancement related to any agreement or transaction referred to in clause (i), (ii), (iii), or (iv), including any guarantee or reimbursement obligation by or to a repo participant or financial participant in connection with any agreement or transaction referred to in any such clause, but not to exceed the damages in connection with any such agreement or transaction, measured in accordance with section 562 of this title; and

VerDate 14-DEC-2004

08:19 Oct 26, 2006

Jkt 039194

PO 00001

Frm 00169

Fmt 6580

Sfmt 6581

E:\PUBLAW\PUBL001.119

APPS06

PsN: PUBL001