Art. 104 Admissible collateral for initial and variation margins
(Art. 110 FinMIA) 1 The following count as admissible collateral:
2Collateral is deemed to be high value if it is highly liquid, has a strong track record of preserving its value even in a period of stress and can be monetised within an appropriate period. 3 Resecuritisation positions are not admissible as collateral. 4 The collateral must be valued anew each day. 40 Amended by Annex No 5 of the O of 29 Nov. 2023, in force since 1 Jan. 2025 (AS 2024 13). 42 Inserted by No I of the O of 5 July 2017, in force since 1 Aug. 2017 (AS 2017 3715). |