DEFINITION OF SWAP AGREEMENT AND SWAP PARTICIPANT.

SEC. 101. DEFINITION OF SWAP AGREEMENT AND SWAP PARTICIPANT.Section 101 of title 11, United States Code, is amended by— (1) redesignating paragraphs (49), (50), (51), (52), and (53) as paragraphs (51), (52), (53), (54), and (55), respectively; and (2) inserting after paragraph (48) the following: “(49) ‘swap agreement’ means— “(A) an agreement (including terms and conditions incorporated by reference therein) which is a rate swap agreement, basis swap, forward rate agreement, commodity swap, interest rate option, forward foreign exchange agreement, rate cap agreement, rate floor agreement, rate collar agreement, currency swap agreement, cross-currency rate swap agreement, currency option, any other similar agreement (including any option to enter into any of the foregoing); “(B) any combination of the foregoing; or “(C) a master agreement for any of the foregoing together with all supplements; “(50) ‘swap participant’ means an entity that, at any time before the filing of the petition, has an outstanding swap agreement with the debtor;”.