17 CFR § 22.7 - Permitted depositories: Treatment of Cleared Swaps Customer Collateral.

---
identifier: "/us/cfr/t17/s22.7"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 22.7 - Permitted depositories: Treatment of Cleared Swaps Customer Collateral."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "22.7"
section_name: "Permitted depositories: Treatment of Cleared Swaps Customer Collateral."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "22"
part_name: "CLEARED SWAPS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 6d, 7a-1 as amended by Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "77 FR 6371, Feb. 7, 2012, unless otherwise noted."
cfr_part: "22"
---


# 22.7 Permitted depositories: Treatment of Cleared Swaps Customer Collateral.

A Permitted Depository shall treat all funds in a Cleared Swaps Customer Account as Cleared Swaps Customer Collateral. A Permitted Depository shall not hold, dispose of, or use any such Cleared Swaps Customer Collateral as belonging to any person other than:

(a) The Cleared Swaps Customers of the futures commission merchant maintaining such Cleared Swaps Customer Account or;

(b) The Cleared Swaps Customers of the futures commission merchants for which the derivatives clearing organization maintains such Cleared Swaps Customer Account.