Get Reporting Form FR 2590, Single-Counterparty Credit Limits Reporting Form

Companies that are subject to the final SCCL rule have consolidated assets that substantially exceed the $600 million asset threshold at which a banking organization is considered a “small entity” under SBA regulations.

Expected positive exposure (EPE) is the weighted average over time of expected exposure where the weights are the proportion that an individual expected exposure represents of the entire time interval.

The FR 2590 report collects general information about the covered company or covered foreign entity, including its full legal name, the amount of its capital stock and surplus, and whether it would be considered a "major covered company" or "major foreign banking organization" under the Board's single-counterparty ...

The submitted FR 2590 must be signed by a senior officer. A senior officer may be the executive officer responsible for SCCL compliance or the Chief Financial Officer of the covered company or of the covered foreign entity (or by the individual performing this equivalent function).

The FR 2590 report form is mandatory for any U.S. bank holding. company or savings and loan holding company that is subject to. Legal Title of Covered Company or Covered Foreign Entity (RSSD 9017) (Mailing Address of Covered Company or Covered Foreign Entity) Street / PO Box. (RSSD 9110)

Companies that are subject to the final SCCL rule have consolidated assets that substantially exceed the $600 million asset threshold at which a banking organization is considered a “small entity” under SBA regulations.