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# Eligibility

Votre is only available to and designed for sophisticated investors at this time.

Non-US

If you are not a U.S. person and not located in a country subject to OFAC sanctions, you are generally eligible to use Votre.

To confirm you are not considered a U.S. person for swaps purposes, please review the below guidance from the CFTC:

The CFTC interprets a “U.S. person” to generally include:

  1. Any individual resident in the United States
  2. U.S.-organized or U.S.-headquartered entities
  3. Certain trusts, pension plans, or collective investment vehicles with U.S. connections
  4. Foreign entities majority-owned or controlled by U.S. persons
  5. Any account (including joint or discretionary) where the beneficial owner is a U.S. person

See Interpretive Guidance and Policy Statement Regarding Compliance with Certain Swap Regulations, 78 Fed. Reg. 45,292 (July 26, 2013) for full details.

Note: Users from countries subject to OFAC sanctions are strictly prohibited from accessing the protocol.

US

In the US, in order to use Votre you must qualify as an Eligible Contract Participant (ECP). You certify this as you interact with the protocol.

HNWIs and Institutions must be one of the below requirements in order to use Votre in the US due to federal regulations. The below is a summary and full guidance may be found in 7 USC § 1a(18)

  1. An individual with a net worth of $5m+ managing the risk associated with an asset ^MOST CASES

  2. Financial institutions

  3. State-regulated insurance companies

  4. Foreign-regulated insurance companies subject to comparable regulation as determined by the Commission

  5. RIA (domestic or foreign)

  6. Commodity Pool with assets >$5m and meeting other requirements

  7. Corporation, partnership, proprietorship, organization, trust, or other entity — (I) that has total assets exceeding $10,000,000;

  • (II) entity underwritten by another ECP
  • (III) net worth >$1m + managing risk for another entity
  1. an ERISA plan, govt EBP, foreign plan w/ assets >$5m or guided by an RIA or CTA or foreign person or insurance co
  2. Governments, States, foreign governments, political subdivisions
  3. multinational or supranational government entity
  4. a BD or AP of a BD
  5. a CTA

For a more thorough definition please visit this U.S. Code Definition