### Question
What is the definition of cleared swap?


### Answer
The definition of **cleared swap** is as follows in *7 U.S.C. § 1a*:

> any swap that is, directly or indirectly, submitted to and cleared by a derivatives clearing organization registered with the Commission

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

