Ordinance
on Financial Market Infrastructures and Market Conduct in Securities and Derivatives Trading
(Financial Market Infrastructure Ordinance, FinMIO)

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

of 25 November 2015 (Status as of 1 August 2021)


Open article in different language:  DE  |  FR  |  IT
Art. 46 Collateral

(Art. 49 Fin­MIA)

1 If pre­defined thresholds are ex­ceeded, the cent­ral coun­ter­party shall call in ini­tial mar­gins and vari­ation mar­gins at least once a day.

2 It shall avoid con­cen­tra­tion risks in the col­lat­er­al and shall en­sure that it can have prompt ac­cess to the col­lat­er­al.

3 It shall make pro­vi­sion for pro­ced­ures by means of which it can re­view the mod­els and para­met­ers on which its risk man­age­ment is based, and shall con­duct these re­views on a reg­u­lar basis.

4 If the cent­ral coun­ter­party holds its own as­sets or the col­lat­er­al and as­sets of par­ti­cipants with third parties, it shall min­im­ise the as­so­ci­ated risks. In par­tic­u­lar, it shall hold the col­lat­er­al and as­sets with cred­it­worthy fin­an­cial in­ter­me­di­ar­ies which, in­so­far as pos­sible, are sub­ject to su­per­vi­sion.

Previous article Show article in the law Next article

Diese Seite ist durch reCAPTCHA geschützt und die Google Datenschutzrichtlinie und Nutzungsbedingungen gelten.

Feedback
Gesetzeskürzel Name
DE FR IT EN
DE FR IT EN
Laden