Business terms

This document regulates the business relationships between Reichmuth & Co and natural as well as legal persons.

This regulation governs the safekeeping and management of securities held with Reichmuth & Co, as well as the processing of stock exchange orders and over-the-counter transactions.

The guidelines were issued by the Board of Directors of the Swiss Bankers Association to promote the reputation and high quality of Swiss asset management both domestically and internationally. It is of paramount importance that the assets managed by banks are professionally and in the best interests of clients, even when clients only provide general investment objectives.

This brochure by the Swiss Bankers Association explains the specific risks in securities trading as well as the types of transactions associated with these risks.

These guidelines of the Swiss Bankers Association serve two purposes. Firstly, they aim to ensure that the contact between customers and banks can be maintained or restored. Secondly, they aim to specify the legally prescribed liquidation of unclaimed assets in the interest of the affected individuals.

In this document of the Swiss Bankers Association (SBVg), information is provided that is helpful for international payment transactions, payments in foreign currency, or investments in foreign securities. It explains the specific requirements and information to consider in these transactions.

The Shareholders’ Rights Directive II (SRD II or Directive), enacted by the European Union (EU), aims to promote long-term engagement between shareholders and the companies they invest in, increase transparency, and reduce the risks associated with the securities market.

In 2014, the US tax law called the Foreign Account Tax Compliance Act (FATCA) came into effect, targeting financial institutions worldwide. The goal of FATCA is to prevent potential tax evasion at the expense of the United States.

The Automatic Exchange of Information (AEOI) obliges Swiss financial institutions to identify reportable accounts and report the information about them to the Swiss Federal Tax Administration (SFTA). In this process, there is a list of partner states with which automatic exchange of information takes place.

Self-regulation of 16 June 2022 for the member institutions of the Swiss Bankers Association (SBA)
and financial service providers that have joined the self-regulation.

As private bankers with unlimited liability and an owner-managed family business, “individual responsibility” has always been fundamental for us. We believe in taking responsibility for our own actions and failures.

Deposit insurance serves to protect funds in the accounts of private and corporate customers in the event of a bank or securities firm’s insolvency and is legally regulated. On the Esisuisse website, you will find further information on deposit insurance in Switzerland. As of January 1, 2023, there will be changes in the protection of funds in bank accounts. Changes from 2023 (367 KB).

These security and usage provisions govern the terms of access to e-Connect between customers or authorized representatives of a customer’s banking relationships and Reichmuth & Co.

The customer wishes to exchange information/data with the bank, as well as all involved banks, other creditors, offices, authorities, lawyers, trustees, advisors, and auditors (“parties”), including through unsecured electronic media.

The customer may authorize Reichmuth & Co to make trustee investments with foreign banks, provided that a separate agreement is reached.