Swiss stay

From The Jolly Contrarian
Jump to navigation Jump to search
The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


Index — Click the ᐅ to expand:

Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you.
Sign up for our newsletter.

Fancy some nice all-purpose Swiss stay language?

Of course you do. And here it is:

Swiss Stay: For the purposes of the Banking Insolvency Ordinance published by the Swiss Financial Market Supervisory Authority (FINMA), you agree to “accept” (anerkennt) any “suspension of the termination of agreements” (Aufschub der Beendigung von Verträgen) imposed by FINMA under Article 30a of the “Banking Act” (Bundesgesetz über die Banken und Sparkassen; SR 952.0) of Switzerland with respect to this Agreement.

See also