Federal Act on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.


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Art. 109 Valuation of outstanding transactions

1Coun­ter­parties must value de­riv­at­ives at cur­rent prices (mark to mar­ket) on a daily basis.

2This duty does not ap­ply to trans­ac­tions with small coun­ter­parties.

3Where mar­ket con­di­tions pre­vent mark­ing to mar­ket, mark­ing to mod­el shall be used. The valu­ation mod­els must be ap­pro­pri­ate and re­cog­nised in prac­tice.

4Non-fin­an­cial coun­ter­parties may in­volve third parties for the valu­ation.

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