{"data":{"id":"us/17-cfr-37.1303","jurisdiction":"us","citation":"17 CFR 37.1303","heading":"Liquidity of financial resources.","body":"The financial resources allocated by the swap execution facility to meet the ongoing requirements of § 37.1301 shall include unencumbered, liquid financial assets (i.e., cash and/or highly liquid securities) equal to at least the greater of three months of projected operating costs, as calculated on a rolling basis, or the projected costs needed to wind down the swap execution facility's operations, in each case as determined under § 37.1304. If a swap execution facility lacks sufficient unencumbered, liquid financial assets to satisfy its obligations under this section, the swap execution facility may satisfy this requirement by obtaining a committed line of credit or similar facility in an amount at least equal to such deficiency.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER I—COMMODITY FUTURES TRADING COMMISSION","PART 37—SWAP EXECUTION FACILITIES","Subpart N—Financial Resources"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"6ae1bec79a4dc0798af882bb3c741d6715962db09413415173e72a1455af3292","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-37.1302","next":"us/17-cfr-37.1304"},"notice":"GroundRules: Original legal text. Not legal advice."}