Standardized Approach for Calculating the Exposure Amount of Derivative Contracts
Fed · other · Published 2020-03-31 · Effective 2020-03-31 · 85 FR 17721
Document
Document number
2020-06755
Federal Register citation
85 FR 17721
CFR reference
12 CFR 3
Type
Rule
Action
Notification.
Category
other
Agency
US Federal Reserve System
Publication date
2020-03-31
Effective date
2020-03-31
Docket
Docket ID OCC-2018-0030
Abstract
In light of recent economic disruptions caused by the COVID-19 virus and recent volatility in U.S. financial markets, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) are issuing a document to allow depository institutions and depository institution holding companies to implement the final rule titled Standardized Approach for Calculating the Exposure Amount of Derivative Contracts (SA-CCR rule) for the first quarter of 2020, on a best efforts basis.