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Article NO. Content


Operation Directions for the Advance Collection of Funds and Securities by Securities Brokers in Brokerage Trading  CH

Amended Date: 2017.11.15 
Categories: Market Supervision > Regulation of Securities Firms
4     If the trade ordered under Article 1 fails to be executed, the engaged securities broker shall immediately return the pre-collected funds and securities, note such return in the schedules in Article 3, bind the trading orders by date in book form, and safekeep them for at least one month to be made available for review, unless the settlement funds are to be kept in the settlement account of the securities firm with the consent of the customer.
    If the securities broker delays the return of the pre-collected payments beyond business hours, it may so return on the next business day.
    The issue of interest allocation in regard to payments collected in advance the business day before the trading order or returned the next business day if the trade fails to be executed will be negotiated by the securities broker and the investor and noted in records.