Document background
The Transfer Instruction Letter is a fundamental document in Swiss banking operations, used whenever a formal instruction is required to transfer funds between accounts. This document type is particularly important in Switzerland's sophisticated banking system, where precision and compliance with strict banking regulations are paramount. The letter must conform to requirements under the Swiss Banking Act, Anti-Money Laundering Act, and Swiss Code of Obligations. A Transfer Instruction Letter typically includes detailed information about the transferor, beneficiary, amount, currency, and timing of the transfer, along with any specific routing or handling instructions. It's commonly used in both private and corporate banking contexts, and may require supporting documentation to satisfy Swiss compliance requirements, particularly for international transfers or high-value transactions.
