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The Wire Transfer Agreement serves as the foundational document governing the provision of wire transfer services by Swiss financial institutions to their clients. It is essential for establishing clear operational procedures and regulatory compliance frameworks in accordance with Swiss banking laws and financial regulations. This agreement is typically used when a financial institution begins providing wire transfer services to new clients or updates its terms with existing ones. The document encompasses crucial elements including service terms, security procedures, fee structures, and compliance requirements under Swiss law. It addresses both domestic and international transfers, incorporating provisions from the Swiss Banking Act, Anti-Money Laundering Act, and Financial Market Infrastructure Act, while ensuring alignment with Swiss data protection requirements and banking industry standards.

1. Parties: Identification of the financial institution and the customer(s), including full legal names and addresses

2. Background: Context of the agreement and brief description of the wire transfer services being provided

3. Definitions: Key terms used throughout the agreement, including technical banking terms and regulatory references

4. Service Description: Detailed description of the wire transfer services, including types of transfers covered and processing timeframes

5. Instructions and Authorization: Requirements for valid transfer instructions and authorization procedures

6. Fees and Charges: Structure and calculation of fees, charges, and exchange rates applicable to wire transfers

7. Execution of Transfers: Process for executing transfers, cut-off times, and handling of instructions

8. Security Procedures: Security measures and authentication requirements for initiating and confirming transfers

9. Compliance Requirements: AML, KYC, and other regulatory compliance obligations of both parties

10. Data Protection: Handling and protection of personal data in accordance with Swiss data protection laws

11. Liability and Indemnification: Allocation of risks and responsibilities between parties

12. Force Majeure: Circumstances excusing performance of obligations

13. Term and Termination: Duration of agreement and conditions for termination

14. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes