Swap Dealer Law and Legal Definition

The term "swap dealer" means any person who:

a. holds itself out as a dealer in swaps;

b. makes a market in swaps;

c. regularly enters into swaps with counterparties as an ordinary course of business for its own account; or

d. engages in any activity causing the person to be commonly known in the trade as a dealer or market maker in swaps. [7 USCS § 1a].