Section 806.50  Documentation Requirements

An insurer shall maintain documentation and records relating to each derivative transaction, including, but not limited to:

a)         The purpose or purposes of the transaction;

b)         The assets or liabilities to which the transaction relates;

c)         The specific derivative instrument used in the transaction;

d)         For over-the-counter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount; and

e)         For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.