### Question
What does substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets mean?


### Answer
**Substantial counterparty exposure that could have serious adverse effects on the financial stability of the United States banking system or financial markets** has the following meaning in *17 CFR § 1.3*:

> a swap position that satisfies either of the following thresholds:

(i) $5 billion in daily average aggregate uncollateralized outward exposure; 

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

