# Derivatives
> **US National Credit Union Administration** · Final rule. · Published 2014-01-31 · Effective 2014-03-03 · 79 FR 5228
## Document
- **Document number:** 2014-01703
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 79 FR 5228
- **CFR reference:** 12 CFR 703
- **Publication date:** 2014-01-31
- **Effective date:** 2014-03-03
## Abstract

This final rule permits credit unions to engage in limited derivatives activities for the purpose of mitigating interest rate risk. This rule applies only to Federal credit unions. The final rule addresses permissible derivatives and characteristics, limits on derivatives, operational requirements, counterparty and margining requirements, and the procedures a credit union must follow to apply for derivatives authority.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/01/31/2014-01703/derivatives)
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