The federal banking agencies1 are issuing the attached Interagency Supervisory Guidance on Counterparty Credit Risk Management. It is intended primarily for use by banking organizations with large derivatives portfolios in establishing and maintaining counterparty credit risk (CCR) management practices, as well as for supervisors as they assess and examine such institutions’ CCR management. This guidance would generally not be applicable to community banking organizations and banking organizations with insignificant derivatives portfolios. Banking organizations that primarily use derivatives to hedge interest rate risk, and already comply with previously established CCR guidance, should not be subject to any new requirements as a result of this guidance.