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CFTC Representations: Difference between revisions
→ECP Rep wording
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===[[ECP]] Rep wording=== | ===[[ECP]] Rep wording=== | ||
{{quote|'''Additional Representations'''. Each party will be deemed to represent to the other party on each date on which a Transaction is entered into that: ... | |||
... it is an “[[eligible contract participant]]” as such term is defined | ... it is an “[[eligible contract participant]]” as such term is defined in the [[Commodity Exchange Act]], as amended 7 U.S.C. § 1 (a) (12); and}} | ||
A counterparty may provide a factual representation regarding their status that satisfies the definition of ECP, for example: | A counterparty may provide a factual representation regarding their status that satisfies the definition of [[ECP]], for example: | ||
{{quote|[Counterparty] has, or is guaranteed by an entity that has, total assets exceeding $10,000,000.}} | |||
==[[Eligible Commercial Entity]] representation== | ==[[Eligible Commercial Entity]] representation== | ||