### Question
How does SHARE INSURANCE define qualified financial contract?


### Answer
Under *12 U.S.C. § 1787*, **qualified financial contract** is defined as:

> any securities contract, forward contract, repurchase agreement, and any similar agreement that the Board determines by regulation 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**

