G. Collective custody, global certificate and uncertificated securities
I. Collective custody of negotiable securities
1 A bailee has the power to hold fungible negotiable securities from two or more bailors together in safe custody unless a bailor expressly requests that his securities be held separately.
2 If fungible negotiable securities are entrusted to a bailee for collective custody, the bailor acquires on deposit joint fractional title to the negotiable securities of the same class belonging to the collective holding. In order to determine the fractional share, the nominal value or in the case of securities without nominal value, the number of securities, is decisive.
3 A bailor has the right at any time, irrespective of the involvement or consent of the other bailors to withdraw negotiable securities from the collective holding to the extent of his share.
1 Inserted by Annex No 3 of the Uncertificated Securities Act of 3 Oct. 2008, in force since 1 Jan. 2010 (AS 2009 3577; BBl 2006 9315).
A. Définition du papier-valeur
Sont papiers-valeurs tous les titres auxquels un droit est incorporé d’une manière telle qu’il soit impossible de le faire valoir ou de le transférer indépendamment du titre.
