1. (1) An Oregon bank may engage in interest rate swap transactions and pledge bank assets to counterparties to secure the transactions.
2. (2) The Oregon bank’s aggregate risk exposure, at any time, to each of its counterparties shall not exceed the bank’s legal lending limit. The bank’s risk exposure under an interest rate swap transaction shall be estimated using any of the methods considered acceptable for national banks by the Office of the Comptroller of the Currency.

Statutory/Other Authority

ORS 706.790

Statutes/Other Implemented

ORS 706.795

History

FSR 4-2017, f. & cert. ef. 2-1-17
FCS 2-2013, f. & cert. ef. 1-23-13
FCS 5-2012(Temp), f. 8-7-12, cert. ef. 8-8-12 thru 2-4-13