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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.
Art. 111
Intra-group transactions
No collateral has to be exchanged:
a.
if the two counterparties are included in the same full consolidation basis;
b.
if the two counterparties are subject to appropriate centralised risk evaluation, measurement and control procedures;
c.
if there are no legal or factual impediments to the prompt transfer of own funds or the repayment of liabilities; and
d.
if the transactions do not aim to circumvent the duty to exchange collateral.