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


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Art. 97 Dispute resolution

(Art. 108 lit. c Fin­MIA)

1 The place of jur­is­dic­tion and the ap­plic­able law for any dis­putes must be agreed at the latest when an OTC de­riv­at­ives trans­ac­tion is con­cluded.

2 Pro­ced­ures are to be set out in the agree­ment:

a.
for the iden­ti­fic­a­tion, re­cord­ing and mon­it­or­ing of dis­putes in con­nec­tion with the re­cog­ni­tion or valu­ation of the trans­ac­tion and the ex­change of col­lat­er­al between the coun­ter­parties; the re­cord of the dis­pute has to en­com­pass at least how long the dis­pute has been go­ing on for up to that point, the coun­ter­party and the dis­puted amount;
b.
for the swift res­ol­u­tion of dis­putes and for a spe­cial pro­cess for dis­putes that can­not be re­solved with­in five busi­ness days.

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