news conference on new banknotes berne, 3 september 2019 fritz zurbrugg introductory remarks by fritz zurbrugg ladies and gentlemen i am very pleased to welcome you to our presentation of the new 100 - franc note, the last denomination of the ninth banknote series to be issued. to mark the final milestone in this challenging project, as well as inviting the media we also have some guests here who were heavily involved in developing and producing the new banknote series. it gives me great pleasure to welcome representatives from our suppliers orell fussli, landqart, sicpa and kurz. i am going to start by unveiling the hotly anticipated 100 - franc note, before showing you the full series, with all six denominations together for the first time. my colleague thomas jordan will then review the issuance process for the entire new series, before looking to the future. after that, we will take your questions on the new 100 - franc note, and the ninth series in general. we do of course have all the denominations here with us, so that you can take photos of both the 100 - franc note and the entire series. finally, we will round off today ’ s event with a drinks reception, to which you are all warmly invited. but let ’ s start by unveiling the last denomination in the new banknote series. voila, the new 100 - franc note. i ’ ll now take you through the details of the new note. like its predecessor, the new 100 - franc note is blue. and, as with all the other denominations in the new series, it is narrower and shorter than the previous note. the theme of the 100 - franc note is switzerland ’ s humanitarian tradition, and the key motif is water. both are reflected in the note ’ s core design elements. the hand and the globe are the main images on the front of the note. the hands are scooping up water, and isobars are depicted over the globe. page 1 / 3 berne, 3 september 2019 fritz zurbrugg news conference on new banknotes the back of the note shows an irrigation channel, or ‘ suone ’, feeding glacial meltwater down a cliff face to the fields below. a suone is a method of transporting water from high altitudes to lower - lying areas for irrigation purposes. in the past, such irrigation channels were used for land cultivation, especially in the valais region.

2009. a collapse in the gold price or heavy currency losses by the snb, however, would increase the risk that the profit distribution would have to be adjusted before 2017. the snb has been pointing out this risk for some considerable time, regardless of the current plan to strengthen its provisions. the snb stabfund it is just over a year since the package of measures to support ubs was announced. over that period, the risks in the snb stabfund have been significantly reduced. two key indicators are in the spotlight : the amount of the snb ’ s loan to the stabfund, and the snb ’ s overall risk exposure, including non - funded assets. the stabfund took over assets of usd 38. 6 billion as of 30 september 2008. of that total, usd 8. 8 billion consisted of contingent liabilities that did not need to be funded at the time. the remainder was funded with the equity capital paid in by ubs ( 10 % of total assets, i. e. usd 3. 9 billion ) and the debt capital advanced by the snb, which thus initially amounted to usd 25. 8 billion. risk exposure for the snb, i. e. the total portfolio less the equity capital, was thus equal to usd 34. 7 billion as at end - september 2008. the snb ’ s loan to the stabfund stood at usd 20. 8 billion at end - october 2009, a reduction of usd 5 billion – almost one - fifth – on the initial figure. the funds to repay the loan came from repayments and earnings on the assets, and from proceeds of asset sales. the stabfund came to the market for the first time in june 2009. the market ’ s more positive performance made it possible for occasional sales to a total value of usd 1. 5 billion to be conducted by the end of october 2009. contingent liabilities declined by usd 4. 7 billion, mainly as credit default swaps ( cds ) expired or were prematurely terminated. at the end of november 2009, non - funded assets totalled usd 4. 1 billion. total risk exposure fell by usd 10. 2 billion to usd 24. 5 billion. changes in the snb ’ s risk exposure with respect to the stabfund are summarised in table 1. one effect of the recovery in the financial markets that began this spring was to trigger rises in the market values of most of the investment categories held in the stab