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Art. 25a

951.131NBOFederal Office OrdinanceMay 1, 2004Original source
  1. 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
  2. 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

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

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