Ordinance
|
Art. 101a Timing of variation margin calculation and payment 35
(Art. 110 FinMIA) 1 Variation margins are to be recalculated at least every business day. 2 The basis of the calculation is the valuation of the outstanding transaction in accordance with Article 109 of the FinMIA. For all other matters, Article 101 paragraph 2 is applicable by analogy. 3 Variation margins are to be paid on the respective calculation day according to paragraph 1. The customary timeframes apply for settlement. 4 Notwithstanding paragraph 3, variation margins may be paid up to two business days after the calculation day if:
35 Inserted by No I of the O of 5 July 2017, in force since 1 Aug. 2017 (AS 2017 3715). |