# Involuntary Liquidation of Federal Credit Unions and Adjudication of Creditor Claims Involving Federally Insured Credit Unions in Liquidation
> **US National Credit Union Administration** · Final rule. · Published 2003-05-30 · Effective 2003-06-30 · 68 FR 32355
## Document
- **Document number:** 03-13343
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 68 FR 32355
- **CFR reference:** 12 CFR 709
- **Publication date:** 2003-05-30
- **Effective date:** 2003-06-30
## Abstract

The National Credit Union Administration (NCUA) is issuing a final rule amending its involuntary liquidation regulation to designate swap agreements (swaps) as qualified financial contracts (QFCs). Treatment of swaps as QFCs will limit swap counterparty exposure when a federally-insured credit union is placed into involuntary liquidation or a conservatorship and thereby encourage entities to engage in swaps with federally-insured credit unions. Treatment of swaps as QFCs will also help preserve market stability.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/05/30/03-13343/involuntary-liquidation-of-federal-credit-unions-and-adjudication-of-creditor-claims-involving)
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