Ordinance
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Art. 100a Exceptions to the duty to exchange collateral 32
(Art. 110 FinMIA) 1 The exchange of initial margins and variation margins may be waived if:
2 The exchange of initial margins may be waived if such margins would have to be provided for the currency components of currency derivatives where the nominal amount and interest in one currency are exchanged against the nominal amount and interest in another currency at a predefined time and according to a predefined method. 3 If one of the counterparties to a derivatives transaction is a covered bond issuer or a legal entity of a cover pool for covered bonds, that counterparty may, subject to the conditions set out in Article 86 paragraph 3, agree with its counterparty that:
32 Inserted by No I of the O of 5 July 2017, in force since 1 Aug. 2017 (AS 2017 3715). |