Ordinance
on Financial Institutions
(Financial Institutions Ordinance, FinIO)

(Art. 23 Fin­IA)

The fol­low­ing shall be de­duc­ted when cal­cu­lat­ing the level of cap­it­al ad­equacy:

a.

the loss car­ried for­ward and the loss for the cur­rent fin­an­cial year;

b.

any un­se­cured valu­ation ad­just­ments and pro­vi­sions for the cur­rent fin­an­cial year;

c.

in the case of loans in ac­cord­ance with Art­icle 29 para­graph 3: 20% of the ori­gin­al nom­in­al amount per year for the last five years pri­or to re­pay­ment;

d.

in­tan­gible as­sets (in­clud­ing start-up and or­gan­isa­tion­al costs as well as good­will) with the ex­cep­tion of soft­ware;

e.

in the case of a com­pany lim­ited by shares and a part­ner­ship lim­ited by shares: the shares which they hold in the com­pany at their own risk;

f.

in the case of a lim­ited li­ab­il­ity com­pany: the cap­it­al con­tri­bu­tion which it holds in the com­pany at its own risk;

g.

the car­ry­ing amount of par­ti­cip­a­tions.