Affiliates

Affiliates

Freddie Mac's term "Affiliates" encompasses all of the following as defined in GAAP FAS No. 57: Affiliates A party that, directly or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the enterprise Management Persons who are responsible for achieving the objectives of the enterprise and who have the authority to establish policies and make decisions by which those objectives are to be pursued. Management normally includes Members of the board of directors Chief executive officer Chief operating officer Vice presidents in charge of principal business functions (such as sales, administration or finance), and other persons who perform similar policy-making functions Persons without formal titles also may be members of management Principal owners Owners of record or known beneficial owners of more than 10% of the voting interests of the enterprise Related parties Entities for which investments are accounted for by the equity method by the enterprise; trusts for the benefit of employees, such as pension and profit-sharing trust that are managed by or under the trusteeship of management Principal owners of the enterprise; its management, members of the immediate families of principal owners of the enterprise and its management, and other parties with which the enterprise may deal if one party controls or can significantly influence the management or operating policies of the other, to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests Any party that can significantly influence the management or operating policies of the transacting parties or that has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests