17 CFR § 50.75 - Swaps entered into by central banks or sovereign entities.

---
identifier: "/us/cfr/t17/s50.75"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 50.75 - Swaps entered into by central banks or sovereign entities."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "50.75"
section_name: "Swaps entered into by central banks or sovereign entities."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "50"
part_name: "CLEARING REQUIREMENT AND RELATED RULES"
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. 2(h), 6(c), and 7a-1, as amended by Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "77 FR 44455, July 30, 2012, unless otherwise noted."
cfr_part: "50"
---


# 50.75 Swaps entered into by central banks or sovereign entities.

Swaps entered into by a central bank or sovereign entity shall be exempt from the clearing requirement of section 2(h)(1)(A) of the Act.

(a) For the purposes of this section, the term *central bank* means a reserve bank or monetary authority of a central government (including the Board of Governors of the Federal Reserve System or any of the Federal Reserve Banks) or the Bank for International Settlements.

(b) For the purposes of this section, the term *sovereign entity* means a central government (including the U.S. Government), or an agency, department, or ministry of a central government.