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US CodeTitle 7Chapter 1§ 27

§ 27

Definitions

7 U.S.C. § 27.
2 min read
((a)) ** Bank** In sections 27 to 27f of this title, the term “bank” means— ((1)) any depository institution (as defined in ); ((2)) any foreign bank or branch or agency of a foreign bank (each as defined in ); ((3)) any Federal or State credit union (as defined in ); ((4)) any corporation organized under section 25A of the Federal Reserve Act [ et seq.]; ((5)) any corporation operating under section 25 of the Federal Reserve Act [ et seq.]; ((6)) any trust company; or ((7)) any subsidiary of any entity described in paragraph  (1) through (6) of this subsection, if the subsidiary is regulated as if the subsidiary were part of the entity and is not a broker or dealer (as such terms are defined in ) or a futures commission merchant (as defined in ). ((b)) ** Identified banking product** In sections 27 to 27f of this title, the term “identified banking product” shall have the same meaning as in paragraphs (1) through (5) of section 206(a) of the Gramm-Leach-Bliley Act, except that in applying such section for purposes of sections 27 to 27f of this title— ((1)) the term “bank” shall have the meaning given in subsection (a) of this section; and ((2)) the term “qualified investor” means eligible contract participant (as defined in , as in effect on ). ((c)) ** Hybrid instrument** In sections 27 to 27f of this title, the term “hybrid instrument” means an identified banking product not excluded by , offered by a bank, having one or more payments indexed to the value, level, or rate of, or providing for the delivery of, one or more commodities (as defined in ).section 27a of this titlesection 1a of this title

Release: pl-119-59 (2025-12-18)

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