Per my conversations with Tom and Frank, unless Credit specifically tells us  that a counterparty is a credit derivatives counterparty, the online team  should consider that all U.S. based counterparties are not approved to trade  credit derivatives.
Credit will, in the same box where they put "declined" ,  "amended" or "division", put a note that says "credit derivatives" and in  those circumstances only you should consider that I will be indicating  whether or not the counterparty is approved to trade credit derivatives.
Otherwise, I will not be putting an "X" in the box for each and every  counterparty to say they can't trade credit derivatives.
I hope this makes sense to you, call me if it doesn't.

Approvals for Credit Derivative Counterparties
Per my conversations with Tom and Frank, unless Credit specifically tells us that a counterparty is a credit derivatives counterparty, the online team should consider that all U.S. based counterparties are not approved to trade credit derivatives.
Credit will, in the same box where they put "declined" , "amended" or "division", put a note that says "credit derivatives" and in those circumstances only you should consider that I will be indicating whether or not the counterparty is approved to trade credit derivatives.
Otherwise, I will not be putting an "X" in the box for each and every counterparty to say they can't trade credit derivatives.
I hope this makes sense to you, call me if it doesn't.
putting box say trade online team circumstances consider indicating specifically tells conversations tom frank approved credit derivatives counterparty hope makes sense division note says