17 CFR § 23.703 - Investment of segregated initial margin.

---
identifier: "/us/cfr/t17/s23.703"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 23.703 - Investment of segregated initial margin."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "23.703"
section_name: "Investment of segregated initial margin."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "23"
part_name: "SWAP DEALERS AND MAJOR SWAP PARTICIPANTS"
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, 2, 6, 6a, 6b, 6b-1, 6c, 6p, 6r, 6s, 6t, 9, 9a, 12, 12a, 13b, 13c, 16a, 18, 19, 21."
regulatory_source: "77 FR 2628, Jan. 19, 2012, unless otherwise noted."
cfr_part: "23"
---


# 23.703 Investment of segregated initial margin.

The swap dealer or major swap participant and the counterparty may enter into any commercial arrangement, in writing, regarding the investment of Initial Margin segregated pursuant to § 23.701 and the related allocation of gains and losses resulting from such investment.