¶¶Òõ¶ÌÊÓƵ

The Client Account Agreement serves as the foundational document governing the banking relationship between financial institutions and their clients in Switzerland. This agreement is essential for establishing and maintaining banking services in compliance with Swiss banking regulations, including the Swiss Banking Act, FinSA, and anti-money laundering legislation. It is used whenever a new banking relationship is established, whether for individual, corporate, or institutional clients. The document comprehensively covers account operations, services, fees, compliance requirements, and risk disclosures, while incorporating specific Swiss requirements such as banking secrecy provisions and data protection standards. It's particularly important given Switzerland's role as a major financial center and the strict regulatory environment governing its banking sector.

1. Parties: Identification of the financial institution and the client(s), including full legal names and addresses

2. Background: Context of the agreement and brief description of the services to be provided

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Services: Detailed description of the account services provided under the agreement

5. Account Opening and Operation: Process and requirements for opening and operating the account

6. Client Instructions and Authorization: Methods of giving instructions and authorization requirements

7. Fees and Charges: Overview of applicable fees, charges, and payment terms

8. Client Representations and Warranties: Client confirmations regarding their status, capacity, and compliance

9. Bank's Rights and Obligations: The bank's responsibilities, rights, and service commitments

10. Banking Secrecy and Data Protection: Provisions regarding Swiss banking secrecy and data protection requirements

11. Anti-Money Laundering Compliance: AML obligations and requirements for both parties

12. Liability and Indemnification: Scope of liability and indemnification provisions

13. Account Statements and Communications: Requirements for account reporting and communication methods

14. Term and Termination: Duration of agreement and termination provisions

15. Governing Law and Jurisdiction: Specification of Swiss law application and jurisdiction