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

¹ The cent­ral se­cur­it­ies de­pos­it­ory shall set the dead­lines for par­ti­cipants to settle their se­cur­it­ies trans­ac­tions in its sys­tem. In do­ing so, it shall take ac­count in par­tic­u­lar of in­ter­na­tion­al prac­tices and its par­ti­cipants' needs.

² It shall en­able its par­ti­cipants to settle trans­ac­tions with­in the dead­lines it sets.

³ It shall mon­it­or wheth­er trans­ac­tions are settled with­in the al­loc­ated dead­lines. It shall im­pose the con­trac­tu­ally agreed sanc­tions in the event of late set­tle­ment.