Federal Act
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Act, FinMIA)

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

of 19 June 2015 (Status as of 1 August 2021)


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Art. 50 Fulfilment of payment obligations

1 The cent­ral coun­ter­party and its par­ti­cipants shall ful­fil their mu­tu­al pay­ment ob­lig­a­tions by trans­fer­ring sight de­pos­its held with a cent­ral bank.

2 If this is im­possible or im­prac­tic­al, they shall use a means of pay­ment which car­ries low cred­it and li­quid­ity risks. The cent­ral coun­ter­party shall min­im­ise these risks and mon­it­or them on an on­go­ing basis.

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