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Art. 72 Derivative financial instruments
(Art. 54 and 56 CISA) 1 Derivative financial instruments are permitted if:
2 In the case of transactions involving OTC derivatives, the following conditions shall be complied with in addition:
3 A securities fund's overall exposure associated with derivative financial instruments may not exceed 100 per cent of the net assets. The overall exposure may not exceed 200 per cent of the fund's total net assets. When taking account of the possibility of temporary borrowing amounting to no more than 10 per cent of the net assets (Art. 77 para 2), the overall exposure may not exceed 210 per cent of the fund's total net assets. 4 Warrants must be treated in the same manner as financial instruments. |