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

(Art. 89 Fin­MIA)

¹ The or­ders of par­ti­cipants in­clude in par­tic­u­lar in­struc­tions that:

a.

dir­ectly af­fect the set­tle­ment of pay­ments or se­cur­it­ies trans­ac­tions; or

b.

serve the pur­pose of provid­ing the fin­an­cing or col­lat­er­al re­quired un­der the sys­tem's rules.

² A pay­ment or trans­fer or­der may not be re­voked either by a par­ti­cipant in the sys­tem or by a third party from the time set out in Art­icle 62 para­graph 4 let­ter a Fin­MIA and Art­icle 66 para­graph 2 let­ter a of this Or­din­ance.