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

(Art. 65 Fin­MIA)

The cent­ral se­cur­it­ies de­pos­it­ory 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.