### Question
What does qualified financial contract mean?


### Answer
**Qualified financial contract** has the following meaning in *12 U.S.C. § 1787*:

> any securities contract, forward contract, repurchase agreement, and any similar agreement that the Board determines by regulation, resolution, or order to be a qualified financial contract for purposes of this paragraph

#### Citation:
  - *12 U.S.C. § 1787*
  - Heading: **CHAPTER 14-FEDERAL CREDIT UNIONS > SUBCHAPTER II-SHARE INSURANCE**

