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

¹ The prin­cip­al may re­voke the pay­ment in­struc­tion as against the pay­ee un­less he is­sued it in or­der to re­deem a debt to the pay­ee or oth­er­wise in fa­vour of the lat­ter.

² He may re­voke it as against the agent provided the agent has not no­ti­fied the pay­ee of his ac­cept­ance.

^2bis Un­less the reg­u­la­tions of a pay­ment sys­tem provide oth­er­wise, a pay­ment in­struc­tion in a cash­less trans­ac­tion be­comes ir­re­voc­able as soon as the trans­fer amount is deb­ited from the prin­cip­al's ac­count.²⁷²

³ In the event of bank­ruptcy pro­ceed­ings against the prin­cip­al, pay­ment in­struc­tions that have not yet been ac­cep­ted are deemed re­voked.