Ordinance on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading

(Art. 100 FMIA)

¹The fol­low­ing thresholds ap­ply to the av­er­age gross po­s­i­tions in out­stand­ing OTC de­riv­at­ives trans­ac­tions of non-fin­an­cial coun­ter­parties:

a.

cred­it de­riv­at­ives: CHF 1.1 bil­lion;

b.

equity de­riv­at­ives: CHF 1.1 bil­lion;

c.

in­terest rate de­riv­at­ives: CHF 3.3 bil­lion;

d.

cur­rency de­riv­at­ives: CHF 3.3 bil­lion;

e.

com­mod­ity de­riv­at­ives and oth­er de­riv­at­ives: CHF 3.3 bil­lion.

²Where the av­er­age gross po­s­i­tion of all out­stand­ing OTC de­riv­at­ives trans­ac­tions of fin­an­cial coun­ter­parties are con­cerned, a threshold of CHF 8 bil­lion ap­plies at fin­an­cial or in­sur­ance group level.