Ordinance of the Swiss Financial Market Supervisory Authority on the Insolvency of Banks and Securities Dealers

The fol­low­ing li­ab­il­it­ies are covered first from the bank­ruptcy as­sets in the or­der lis­ted:

a.

li­ab­il­it­ies un­der Art­icle 37 BankA and un­der Art­icle 43 of this Or­din­ance;

b.

li­ab­il­it­ies in­curred by the bank­ruptcy as­sets dur­ing the pro­ceed­ings;

c.

all costs in­curred through the open­ing and con­duct of the bank­ruptcy pro­ceed­ings;

d.

li­ab­il­it­ies to­wards a third-party cus­todi­an un­der Art­icle 17 para­graph 3 of the Book Entry Se­cur­it­ies Act of 3 Oc­to­ber 2008¹.