UBS sent swift note to clients on deposit rate

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Bloomberg reporting.

  • UBS to introduce fees as of December 21
  • UBS says taking additional corrective measures
  • UBS fees apply for credit balances by financial institutions
  • UBS fees apply for CHF cash clearing accounts with UBS, Zurich
  • UBS says charge applied depends on clients individually
  • UBS encourages clients to keep CHF balances as low as possible

2012-12-11T07:31:08+0000

All|Economic Data|Europe|Regions

EUR/CHF|swiss economy|UBS

Gerry Davies

6 Comments

  1. Hi Gerry,
    thx for the info + how much of a move do you expect …?
    Cheers

  2. Hi flying, not much. Aren’t they just following another swiss bank?

  3. that said I wouldn’t be rushing to short the cross, but then again I never was……

  4. @TradeDesk_Rick •Should be a fun SNB rate decision later this week.: UBS encourages clients to keep CHF balances as low as possible.

  5. thx + CS’s announcement was able to temporarily push it over 1.2160 (which was quite a huge 130+ pips move given the lower limit having been less than 30 pips away) + if I were SNB I would think about using the setup to easily push it ‘a lot’ higher …

  6. Thats exactly why you are not SNB mate :-) and Mr. Jordan is….

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