Loading source…

Commentaries: Art. 25a | Omnilex

Articles with commentary

Art. 204

Law
/
NBO · Ordinance to the Federal Act on the Swiss National Bank

Art. 25a

Art. 25 Art. 25b

Art. 25a

Art. 25 Art. 25b

951.131NBOFederal Office OrdinanceMay 1, 2004Original source

The rules of the financial market infrastructure shall determine the point in time after which:
1. a participant’s payment order is unconditional and irrevocable;
2. a payment is settled.¹
The financial market infrastructure shall settle payments and securities transfers in real time, but at the latest by the end of the value day.

Footnotes

Amended by No I of the SNB O of 26 Nov. 2015, in force since 1 Jan. 2016 (AS 2015 5307). ↩

0 commentaries

No commentaries are available for this article yet.

Ask about this source

Use the current page as context for legal research, summaries, comparisons, and drafting.

[[ch-fedlex--951.131--25a]]

Continue your research in ChatGPT / Claude with