Open Access. The rules of a clearing agency described in paragraph (1) shall— (A) prescribe that all security-based swaps submitted to the clearing agency with the same terms and conditions are economically equivalent within the clearing agency and may be offset with each other within the clearing agency; and (B) provide for non-discriminatory clear- ing of a security-based swap executed bilat- erally or on or through the rules of an unaf- filiated national securities exchange or secu- rity-based swap execution facility.
Appears in 4 contracts
Sources: Non Security Based Swap Agreement, Non Security Based Swap Agreement, Swap Agreement