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

¹ A fin­an­cial coun­ter­party is deemed to be small if the rolling av­er­age for its gross po­s­i­tion in all out­stand­ing OTC de­riv­at­ives trans­ac­tions cal­cu­lated over 30 work­ing days is be­low the threshold.

² If an ex­ist­ing small fin­an­cial coun­ter­party's av­er­age gross po­s­i­tion in ac­cord­ance with para­graph 1 ex­ceeds the threshold, said coun­ter­party will no longer be deemed small four months after the threshold is ex­ceeded.