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Article NO. Content

Title:

Guidelines Governing the Creation of Customer Ledgers of Securities Firms' Settlement Accounts  CH

Amended Date: 2020.05.27 (Articles 2, 12, 15, 22 amended,English version coming soon)
Current English version amended on 2017.12.25 
Categories: Market Supervision > Regulation of Securities Firms
Article 14     A securities firm that retains funds in the Settlement Account with customers' consent shall set up a separate account ledger for each customer and record therein the following for each item on a daily basis:
  1. Transfers of sources of the customer's funds to such account
  2. Transfers of interest incurred from funds in the customer's ledger
  3. Transfers for the customer of monies payable by the customer
  4. Transfers of funds reclaimed by the customer
  5. Transfers of funds in the event of premature termination of the contract by the securities firm or customer
    The securities firm shall retain records of receipts and payments of the above-mentioned funds and the relevant supporting documents, and prepare and send to the customer on a monthly basis a statement for reconciliation according to the detailed daily account entries.