Title: 12-71

File Link
/csl/12-71/download

CSL Letter Types
No-Action

CSL Divisions
DSIO

CSL Regulation Parts
1.3(ggg)(4)

CSL Tags
De Minimis
Exception
Swap Dealer

CSL Issuance Date

Description

No-Action Relief: U.S. Bank Wholly Owned by Foreign Entity May Calculate De Minimis Threshold Without Including Activity From Its Foreign Affiliates.