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

(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.