Qualified Financial Contract (QFC) | Practical Law

Qualified Financial Contract (QFC) | Practical Law

Qualified Financial Contract (QFC)

Qualified Financial Contract (QFC)

Practical Law Glossary Item w-012-4907 (Approx. 2 pages)

Glossary

Qualified Financial Contract (QFC)

Defined in Section 210(c)(8)(D) of Title II of the Dodd-Frank Act, which created the FDIC's Orderly Liquidation Authority (OLA) for non-depository financial institutions, the term qualified financial contract (QFC) includes, but is not limited to, the following types of agreements entered into by such institutions: