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Federal Act
on the Amendment of the Swiss Civil Code
(Part Five: The Code of Obligations)

Art. 466

A. Defin­i­tion

 

By means of a pay­ment in­struc­tion, the re­cip­i­ent of the in­struc­tion (agent) is au­thor­ised to trans­fer money, se­cur­it­ies or oth­er fun­gibles for the ac­count of the party is­su­ing the in­struc­tion (prin­cip­al) to the pay­ee and the pay­ee is au­thor­ised to re­ceive them in his own name.