Art. 95 Confirmation of contractual terms
(Art. 108 lit. a FinMIA) 1 The contractual terms must be reciprocally confirmed at the latest within two business days of the conclusion of the OTC derivatives transaction in question. 2 OTC derivatives transactions concluded after 4 p.m. must be confirmed at the latest within three business days of the transaction being concluded. 3 The deadlines that apply for complex transactions and small counterparties shall be extended by one business day. 4 The counterparties may agree that an OTC derivatives transaction should also be considered confirmed if one of the counterparties does not raise any objection to a unilateral confirmation. |