Art. 89 – Liabilities; short-term fixed interest securities and funds available at short notice

Art. 89

Liabilities; short-term fixed interest securities and funds available at short notice

(Art. 60 CISA)

Liabilities are deemed to be borrowings, obligations from business activities, in addition to all claims arising from units on which notice has been given.

Short-term fixed interest securities are deemed to be debt securities with a term or residual term to maturity of up to twelve months.

Funds available at short notice are deemed to be cash on hand, postal check¹⁷² and bank account deposits at sight and on demand with maturities of up to twelve months, as well as guaranteed credit facilities with a bank for up to 10 per cent of the fund's net assets. The credit facilities must be included in the maximum level of pledging permitted pursuant to Article 96 paragraph 1.

172 Following the FCD of 7 June 2013, which converted SwissPost into Swiss Post Ltd under special legislation and spun off Post Finance as a private company limited by shares, the reference to postal check deposits has been irrelevant since 26 June 2013.

Legal act context: SR 951.311 · CISO · Ordinance · Ordinance of 22 November 2006 on Collective Investment Schemes (Collective Investment Schemes Ordinance, CISO)

Structure path: Title 2 Open-Ended Collective Investment Schemes Chapter 3 Types of Open-Ended Collective Investment Schemes and Investment Regulations Section 3 Real Estate Funds

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Data status: 2025-11-25

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Art. 89 – Liabilities; short-term fixed interest securities and funds available at short notice

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Art. 89

Liabilities; short-term fixed interest securities and funds available at short notice

(Art. 60 CISA)

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