• Font Size:
  • S
  • M
  • L
友善列印
WORD

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 17     A securities firm shall pay any monies payable by a customer with the funds in the Settlement Account first. Where the securities firm has created a separate ledger for such customer under each customer funds retention account opened by the customer with different financial institutions, the securities firm shall pay the above-mentioned monies with the amount specified in each ledger, then with funds in the savings account opened by the customer with a financial institution designated by the securities firm in the event of a deficiency; if said monies are still not covered in full by such funds in the savings account, the securities firm shall immediately notify the customer.