Survey Results: End-User Exception for Swaps
 1. When it comes to the end-user exception to the clearing requirement for swaps and board review and approval of the decision to use the exception, our company: (Total responses: n=35)
(select only one) |
|
| n=4 (11.43%) | We have already implemented a board approval policy before the need for the exception arises |
| n=22 (62.86%) | We have started the process of adopting a board approval policy but have not done so yet |
| n=1 (2.86%) | We have decided that we don't anticipate ever needing the exception so we have not adopted a board approval policy |
| n=0 (0.00%) | We have decided to seek board approval on a swap-by-swap basis rather than annually |
| n=8 (22.86%) | We have not yet decided what to do |
| 2. For those companies that plan on relying on the end-user exception, will the company: (Total responses: n=34)
(select only one) |
|
| n=9 (26.47%) | Make an annual filing of the electing counterparty information ahead of the first swap transaction |
| n=2 (5.88%) | Report the electing counterparty information on a swap-by-swap basis |
| n=23 (67.65%) | We have not yet decided what to do |
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