A numbered account is a checking account or securities account in the name of the bank by a customer number or password is replaced. A number relationship is not anonymous and is different either in law or from a tax point of a normal banking relationship. The only difference is that the owner only a limited number of bank employees is known and the customer's name does not appear on bank statements and bank statements, etc..The identification process must nevertheless proceed to completion.
Friday, January 13, 2012
Switzerland fights against the overrating of their currency
The Swiss National Bank (SNB) says on the currency speculators who have driven the Franks again in the height of the fight: The Federal Reserve put on Tuesday set a minimum rate of 1.20 francs per euro.
With unlimited foreign exchange purchases by the monetary authorities want to prevent SNB President Philipp Hildebrand that the Euro falls below this level.
This should be spoiled, especially the financial speculators. Than was previously expected that a new pushwould result in the euro debt crisis and adverse economic data from the U.S. to escape an insecure investors in the Swiss franc and thus to an appreciation of the Swiss currency. Then the speculators could sell previously purchased francs at a profit.
Wednesday, January 11, 2012
How secure is my money if a swiss bank becomes bankrupt?
How secure is my money if a swiss bank becomes bankrupt?
In the Swiss bankruptcy law deposits with banks and securities dealers are since 22 December 2008 to theamount of CHF 100'000 (previously: CHF 30,000) per person in the second Privileged class. They are settled before the majority of the other unsecured claims. In order to ensure, with probability verging on certainty, that these amounts be paid to customers.
Tuesday, January 10, 2012
Swiss bankin: The Swiss Currency
Swiss franc is the official currency in:
- The Switzerland
- Liechtenstein
- Büsingen on the Upper Rhine (Germany)
- Campione d'Italia (Italy)
Banknotes were first issue of Business and Cantonal, 1907, the newly formed Swiss National Bank (SNB) as a central bank the sole right to issue bank notes (note monopoly). Immediately introduced the first series (interim notes) was still based on designs from abroad, complemented by Swiss emblem. 1909 Orell Füssli trialbanknotes printed for the SNB, which were prepared based on domestic and imported drafts of several printfrom 1911 by the National Bank as a second series. In the 1970s, with the sixth series of the security printingdivision of Orell Füssli sole printer of all Swiss banknotes.
Liechtenstein has never banknotes issued in Swiss francs and is based on the current Switzerland-Liechtenstein Currency Treaty no right. 2009 and 2010, foreign securities were purchased, the key rate waslowered in 2011 and increases the money supply. In September 2011, the SNB decided finally a minimum rate for the euro-Swiss franc.
- The Switzerland
- Liechtenstein
- Büsingen on the Upper Rhine (Germany)
- Campione d'Italia (Italy)
Banknotes were first issue of Business and Cantonal, 1907, the newly formed Swiss National Bank (SNB) as a central bank the sole right to issue bank notes (note monopoly). Immediately introduced the first series (interim notes) was still based on designs from abroad, complemented by Swiss emblem. 1909 Orell Füssli trialbanknotes printed for the SNB, which were prepared based on domestic and imported drafts of several printfrom 1911 by the National Bank as a second series. In the 1970s, with the sixth series of the security printingdivision of Orell Füssli sole printer of all Swiss banknotes.
Liechtenstein has never banknotes issued in Swiss francs and is based on the current Switzerland-Liechtenstein Currency Treaty no right. 2009 and 2010, foreign securities were purchased, the key rate waslowered in 2011 and increases the money supply. In September 2011, the SNB decided finally a minimum rate for the euro-Swiss franc.
Berner Kantonalbank - investment in Bern
The Berner Kantonalbank (BCBE), is a Cantonal Bank of Bern in Switzerland founded in 1834.
Its current name comes from the merger in 1991 of the Berne Cantonal Bank and the Fund's mortgage canton ofBern.
Cantonal Bank of Berne was founded to bring the capital of the state available to the trade, industry and crafts.In addition to actual credit transactions, negotiation and placement of debt assumed increasing importance inthe 1870s. The financing of the railways was given to the Cantonal Bank. It also contribute to other largecompanies that were interested in the canton of Bern, as the construction of power plants or the creation of the Sugar Refinery of Aarberg.
The expansion of branch network has helped to Strengthen relations with the economic activity of the Jura. The 1 st July 1858, the branch of St. Imier which opened as the first auxiliary seat in the same year opened the branch of Biel.
Its current name comes from the merger in 1991 of the Berne Cantonal Bank and the Fund's mortgage canton ofBern.
Cantonal Bank of Berne was founded to bring the capital of the state available to the trade, industry and crafts.In addition to actual credit transactions, negotiation and placement of debt assumed increasing importance inthe 1870s. The financing of the railways was given to the Cantonal Bank. It also contribute to other largecompanies that were interested in the canton of Bern, as the construction of power plants or the creation of the Sugar Refinery of Aarberg.
The expansion of branch network has helped to Strengthen relations with the economic activity of the Jura. The 1 st July 1858, the branch of St. Imier which opened as the first auxiliary seat in the same year opened the branch of Biel.
SIX Swiss Exchange and banking in Zurich
The SIX Swiss Exchange (SWX Swiss Exchange until September 2008) is the Swiss Stock Exchange and was created in May 1995 through the merger of three exchanges, Geneva, Basel and Zurich in the Swiss Stock Exchange Association, the Swiss public exchange among the four official names. The SMI-trade since then only subject to Swiss regulation and supervision by the Swiss Financial Market Supervisory Authority (FINMA).The pricing of default values are in Swiss blue-chip segment.
The new regulatory regime (based on Swiss law) since 4 Valid and in May 2009 stated, "Transitional RuleBook for Blue Chip Trading." Exchange participants of SIX Swiss Exchange, which are domiciled outside of Switzerland must, for "Off order book" transactions to create a trade on a Datamonitor report to the FSA or byappropriate regulatory authorities of EU Member State.
The new regulatory regime (based on Swiss law) since 4 Valid and in May 2009 stated, "Transitional RuleBook for Blue Chip Trading." Exchange participants of SIX Swiss Exchange, which are domiciled outside of Switzerland must, for "Off order book" transactions to create a trade on a Datamonitor report to the FSA or byappropriate regulatory authorities of EU Member State.
The banking secrecy in Switzerland is loosened
In March 2009, Switzerland were again under international pressure: Banking secrecy is eased. Switzerland will adopt the OECD standards on information exchange in tax matters and is now ready to provide, under certain conditions, even for tax assistance. The basis for this form renegotiated double taxation agreement.
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