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

(Art. 110 Fin­MIA)

¹ The coun­ter­parties may re­duce ini­tial mar­gins by no more than CHF 50 mil­lion.

² The amount of the ini­tial mar­gins of a coun­ter­party that be­longs to a fin­an­cial or in­sur­ance group or a group is de­term­ined tak­ing all of the group com­pan­ies in­to ac­count.

³ In the case of in­tra-group trans­ac­tions, the ini­tial mar­gin may be re­duced by no more than CHF 10 mil­lion.