Ordinance of the Swiss Financial Market Supervisory Authority on Collective Investment Schemes

¹In or­der to se­cure claims for money and se­cur­it­ies arising from re­pur­chase agree­ments, the claims and ob­lig­a­tions must be val­ued daily at the cur­rent mar­ket price, tak­ing ac­count of ac­crued in­terest and the in­come due to the bor­row­er, and the dif­fer­ence must be marked to mar­ket daily.

²Com­pens­a­tion must be in cash or in se­cur­it­ies. The lat­ter must be com­par­able in type and qual­ity to the se­cur­it­ies used for the re­pur­chase agree­ment.