Commentaries: Art. 15

The required minimum reserve amounts to 4 per cent of the average of the liabilities at the end of the three months preceding the reporting period.¹
The minimum reserve requirement must be fulfilled, on an average of the respective reporting period, from the 20th of one month until the 19th of the following month.
The average according to paragraph 2 will be calculated based on the relation between total daily assets available at the close of business according to Article 13, on the one hand, and the number of calendar days in the reporting period, on the other hand. For Saturdays, Sundays and public holidays, the assets of the last preceding business day are to be entered.

Amended by No I of the SNB O of 11 April 2024, in force since 1 July 2024 (AS 2024 232). ↩

Art. 15