They can run for up to 4 years. Generally employed by public authorities to raise funds temporarily. Used in part also to achieve cyclical or capital market objectives, e.g. if the Confederation sells sterilization rescriptions to the banks in order to mop up liquidity. A reserve set aside in the books of a business to provide for the normal or expected amount of bad debt losses which may be incurred over a period of time. The Swiss Federal Code of Obligations and the Banking Law require the formation of reserves.
Reserves serve an important safety function and are used for self-financing.
Mostly with ownership reserved by the bank. A restriction on the transferability of shares as defined in the issuing company's articles of association. The main objective of retail banking is to provide low-cost banking services in line with customers' needs by offering standardized products and simplifying sales processes. Also referred to as consumer banking. Mail retained in this manner is handed out or forwarded to the customer only at his request.