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


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Art. 47 Exchange-of-value settlement

(Art. 50 Fin­MIA)

The cent­ral coun­ter­party shall en­able par­ti­cipants to elim­in­ate their prin­cip­al risk by en­sur­ing that the set­tle­ment of one ob­lig­a­tion oc­curs if and only if the set­tle­ment of the oth­er ob­lig­a­tion is guar­an­teed.

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