§5341 Definitions

Summary

Defines key terms used in this part. It names several items and gives a short meaning for each. Office and Director — the Office of Financial Research and its head. Financial company — the same meaning used in subchapter II, and it also covers insured banks and insurance companies. Data Center — the data center set up under section 5344. Research and Analysis Center — the research and analysis center set up under section 5344. Financial transaction data — the legal terms and structure of a deal, with enough detail to show each party’s rights and allow an independent valuation. Position data — the assets or liabilities on a firm’s balance sheet created or changed by transactions, including counterparties, the firm’s valuation, and enough facts to value the position independently. Financial contract — a binding agreement between two or more parties about future transfers of value. Financial instrument — a contract whose terms are public and whose roles can be reassigned without other parties’ consent (for example, public company stock, government bonds, or exchange-traded futures and options).