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

¹ Where no spe­cial pro­vi­sion has been made, re­gistered se­cur­it­ies are can­celled in ac­cord­ance with the pro­vi­sions gov­ern­ing bear­er se­cur­it­ies.

² The ob­lig­or may make pro­vi­sion in the in­stru­ment for a sim­pli­fied form of an­nul­ment con­sist­ing in a re­duc­tion of the num­ber of pub­lic calls for present­a­tion or a cur­tail­ment of the time lim­its, or may re­serve the right to make val­id per­form­ance even without present­a­tion or an­nul­ment of the in­stru­ment, provid­ing the cred­it­or de­clares the bor­row­er’s note void and the debt re­deemed by pub­lic deed or au­then­tic­ated doc­u­ment.