LICENSE No. RUSSIA-EO14024-2022-983909-4

Date issued: Apr. 27 2023

Last substantive commentary amendment:
Apr. 17 2024

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TURBOFAC Commentary (838 words)

Notes:

1) Read in conjunction with License No. RUSSIA-EO14024-2022-983909-1; License No. RUSSIA-EO14024-2022-983909-2, the first two iterations of this license. Those two licenses have an authorization that is identical to this one, with the exception of the additions in bold:

SECTION 1 - AUTHORIZATION: Subject to the limitations and conditions herein, Options Clearing Corporation ("OCC") and all other U.S. persons (collectively, the "Licensees") are hereby authorized to engage in all transactions prohibited by section (1)(a)(i) of Executive Order 14071 that are ordinarily incident and necessary to the wind down of financial contracts or other agreements that were entered into on or before June 6, 2022 and involve, or are linked to, debt or equity issued by an entity in the Russian Federation, as described in the Application. Authorized transactions include: (1) the purchase by U.S. persons of debt or equity issued by...