### Question
Can you define what major swap participant means?


### Answer
**Major swap participant** is defined as the following in *17 CFR § 1.3*:

> any person:

(i) That is not a swap dealer; 

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

