Position Data [Banks & Banking] Law and Legal Definition

Pursuant to 12 USCS § 5341 (6) [Title 12. Banks and Banking; Chapter 53. Wall Street Reform and Consumer Protection; Financial Stability; Office of Financial Research], the term position data--

“(A) means data on financial assets or liabilities held on the balance sheet of a financial company, where positions are created or changed by the execution of a financial transaction; and

(B) includes information that identifies counterparties, the valuation by the financial company of the position, and information that makes possible an independent valuation of the position.”