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

(Art. 110 Fin­MIA)

¹ The fol­low­ing count as ad­miss­ible col­lat­er­al:

a.

cash de­pos­its, in­clud­ing me­di­um-term notes or com­par­able in­stru­ments is­sued by a bank;

b.

high-qual­ity debt se­cur­it­ies is­sued by a cent­ral gov­ern­ment, a cent­ral bank, a pub­lic-law en­tity with the right to levy taxes, the BIS, the In­ter­na­tion­al Mon­et­ary Fund, the ESM and mul­ti­lat­er­al de­vel­op­ment banks;

c.

high-qual­ity debt se­cur­it­ies of com­pan­ies;

d.

high-qual­ity mort­gage bonds (Pfand­briefe) and oth­er covered debt se­cur­it­ies;

e.⁴⁰

shares in a ma­jor in­dex in ac­cord­ance with Art­icle 4 para­graph 1 let­ter b CAO⁴¹, in­clud­ing con­vert­ible bonds;

f.

gold;

g.

money mar­ket funds;

h.⁴²

units in se­cur­it­ies funds in ac­cord­ance with Art­icle 53 of the Fed­er­al Act of 23 June 2006⁴³ on Col­lect­ive In­vest­ment Schemes, if:

1.

the units are val­ued daily, and

2.

the se­cur­it­ies funds in­vest solely in as­sets in ac­cord­ance with let­ters a to g or in de­riv­at­ives that hedge such as­sets.

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.