Comment Text:
Good Afternoon,
I had a quick question I was hoping you could clarify.
In terms of an interest rate swap, if the borrower who is a party to the swap in an individual it is my understanding that they do not need to register for a GMEI. In this situation we would face the individual, not an entity or parent company.
Can you please confirm this is correct? If so, is there reasoning behind it?
Thank you,
Ian Hopkins
