Important information published by SwissBanking (Swiss Bankers Association)
Yes, like any bank and any securities firm in Switzerland, Axion SWISS Bank is required to sign the Self-regulation «Agreement between esisuisse and its members». This means clients’ deposits are protected up to a maximum of CHF 100,000 per client. Medium-term notes held in the name of the bearer at the issuing bank are also considered deposits. Depositor protection in Switzerland is provided by esisuisse, and the depositor protection system is explained in detail at esisuisse.ch.
We would like to inform you that from January 1st 2018, all Swiss bank institutions will be obliged to systematically communicate details of over-the counter (OTC) and exchange-trades (ETD) derivate transactions including, inter alia, customer information.
The Financial Market Infrastructure Act (FMIA, RS 958.1) specifies, in Articles 104-106, the details of the content and modalities of the communication that must be made through a central entity, the "Central Trade Repository”, authorized by Federal Financial Market Authority (FINMA). Axion SWISS Bank SA has therefore decided to enter into an agreement with SIX Trade Repository AG, Zurich.