What Swiss DLT Act - Code of Obligations Art. 973d-973g (ledger-based securities) requires
The Swiss DLT Act introduced ledger-based securities into the Code of Obligations (CO). Article 973d defines a ledger-based security as a right that, under a registration agreement, is registered in a securities ledger and may be exercised and transferred only via that ledger, and sets four requirements the ledger must meet, including giving creditors but not the obligor power of disposal and securing the ledger's integrity. Article 973e provides that the obligor must perform only to the creditor indicated in the ledger and protects good-faith acquirers, Article 973f makes transfer subject to the registration agreement, and Article 973g allows collateralisation without transfer where the collateral is visible in the ledger and only the collateral recipient can dispose of it on default.
Pillar: Crypto & Sovereign Finance · Authority: Swiss Confederation, Federal Assembly (Code of Obligations, SR 220, as amended by the DLT Act) · Version: 1.1.0 · Last updated:
SHA-256 integrity: 08b5759713c9803f2b4f10cb9e81f1b9d331ee8a3c2c7c488a5810b986ceb784
Primary Citations — 7 traced to source
- Swiss Code of Obligations (SR 220), Article 973d (Ledger-based securities; definition and four ledger requirements)
- Swiss Code of Obligations (SR 220), Article 973d para. 2 items 1-4 (technological power of disposal, integrity, recorded terms, creditor verifiability)
+ 5 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/ch-dlt-act-ledger-based-securities-co-973d.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/ch-dlt-act-ledger-based-securities-co-973d.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/ch-dlt-act-ledger-based-securities-co-973d
- Back to registry: Browse all 10,085 compliance nodes