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.

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