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


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Art. 65 Fulfilment of payment obligations

1 The cent­ral se­cur­it­ies de­pos­it­ory shall en­able the set­tle­ment of pay­ments in con­nec­tion with se­cur­it­ies held in cus­tody or re­cor­ded with it by trans­fer­ring sight de­pos­its held with a cent­ral bank.

2 If this is im­possible or im­prac­tic­al, it shall use a means of pay­ment which car­ries no or only low cred­it and li­quid­ity risks. It shall min­im­ise these risks and mon­it­or them on an on­go­ing basis.

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