### Question
How is the term swap dealer defined?


### Answer
The term **swap dealer** is defined in *17 CFR § 1.3* as the following:

> any person who:

(i) Holds itself out as a dealer in swaps;

#### Citation:
  - *17 CFR § 1.3*
  - Heading: **PART 1—GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT**

