1. (a) “Total indebtedness” shall also include any credit exposure to a person arising from a derivative transaction, repurchase agreement, reverse repurchase agreement, securities lending transaction, or securities borrowing transaction between the bank and the person.

2. (b) For the purposes of this section, the term “derivative transaction” shall include any transaction that is a contract, agreement, swap, warrant, note, or option that is based in whole or in part on the value of, any interest in, or any quantitative measure or the occurrence of any event relating to, one (1) or more:

   1. (1) Commodities;
   2. (2) Securities;
   3. (3) Currencies;
   4. (4) Interest or other rates;
   5. (5) Indices; or
   6. (6) Other assets.

Codification Notes: This section was promulgated as Section 47-501.3 of the State Bank Department Rules prior to codification into the Code of Arkansas Rules. This section as promulgated prior to codification into the Code of Arkansas Rules provided as follows: "(Reference A.C.A. §23-47-501)"