1. Scope and Purpose
This is the official website of bankentracker.ch at www.bankentracker.ch , a service by MM Asset Solutions GmbH, Grundstrasse 22a, 6343 Risch-Rotkreuz (hereinafter referred to as Provider). The following rules for the use of our website are applicable to all websites operated by the Provider. Any information published on the website by the Provider is not to be construed as a recommendation or offer, nor is it a request to either buying or selling any products or services.
If you access and use our website, you expressly consent to the terms and conditions for its use stipulated hereinafter. As soon as you place an order via the website, the General Terms and Conditions of Bankentracker.ch will be applicable. Any content from this website can be changed deleted or hidden at any time. You acknowledge that when you leave the website of the provider (offsite), e.g. when following links or advertising, you will be subject to different terms and conditions by the respective owner of these offsite websites.
This Disclaimer by the Provider can be accessed and saved individually at:
2. Intellectual Property
The Provider reserves all rights (Provider IP) for all information (texts, images, software incl. source code etc.) published by the Provider on the website www.bankentracker.ch. All other cited trademarks, product or company names or logos are and remain the sole property of the respective owners. The Provider reserves all rights to images, designs, source codes and other documents, to the extent the content is published by the Provider. Any content may only be used by third parties with the express written consent of the Provider.
All intellectual property rights of the Provider are protected by Swiss and international law, especially under copyright, trademark protection and unfair competition law etc. Any use exceeding the granted use rights, as especially copying, reproducing, modifying, selling, distributing, extracting, re-using, transferring, publishing, downloading, streaming or any other exploit, irrespective of the means or media is prohibited without the prior written consent of the Provider or rights owner.
Bankentracker is a registered trademark of the Provider. The trademark of the Provider may not be used in a way that may lead to deception or misdirection of customers or that may discredit the Provider in any way.
The Provider offers the use of its intellectual property rights as is, and the Provider expressly excludes any warranty to the extent permitted by mandatory applicable law. To the extent permitted by mandatory applicable law, the Provider excludes any responsibility or liability for damages of any kind resulting from an infringement of intellectual property rights.
3. Analyzed Fees
The user acknowledges that the Provider endeavours to ensure correctness and timeliness of the presented information and outcomes on the website and in this section 3. However, the Provider does not represent and warrant directly or indirectly the timeliness, correctness, reliability or completeness of the information presented. The Provider expressly reserves the right to change or hide the published information at any time.
The analyzed costs and fees of Swiss Banks (Universal Banks, Cantonal Banks, Private Banks, Regional Banks, Others, Online Brokers) in the Swiss German part exclude taxes like VAT, are all in Swiss Francs (CHF) and are calculated for a full calendar year as holding period. The analysed prices refer to the last public available edition of the official tariffs & conditions from the respective Bank.
The minimal investment sum is CHF 50‘000.-, since a reasonable investment activity is not recommendable below this sum. For the investment sum and the transaction volume and commissions the evaluation is done in even and rounded numbers for the sake of simplicity.
it is assumed that the investment sum is to be invested in full. If the user does not indicate his preferred quantity of transactions, the following clause is used: up to an investment sum of CHF 200'000.- the 10% clause is used, for more than CHF 200'000.- the 5% clause. This means that an investor with an investment sum of CHF 500'000.- will perform 20 transactions at CHF 25'000.- (5%) each (in one year). This equals the maximum size per position as recommended by the FINMA (supervisor of the Swiss financial market), so that an adequate diversification of the portfolio is reached.
Minimum fees take place per deposit, per position or for both. They also may take place for transactions and brokerage fees. In case of an e-banking discount on the minimum fee it will be adapted when explicitly mentioned by the Bank in its public tariffs.
E-banking discounts will be applied when explicitly mentioned by the Bank in its public tariffs.
Transaction fees of funds reply to the costs of a purchase or subscription of the respective fund. Returns (sales) may be free of charge in any given case so they will not be counted for the sake of comparison.
All calculations are being done without foreign costs and apply to the Swiss Market. Additional or foreign expenses may arise when using foreign markets (outside of CH) and take place independently of the Bank, which performs the transaction. Foreign expenses can also occur when performing fund subscriptions, namely in case of special funds, that are not tradable at an official stock market.
Any individual, additional charges or duties like the Swiss federal stamp (0.075% of the transaction value) are not counted. These kind of fees take place at all Banks and have therefore no implication to the comparison.
In case that a Bank offers different tariff models (packages, ad-hoc tariffs etc.), namely such, that only are available by determining a specific quantity of transactions, the Provider operates with the “Standard-Model”, which gives a client the highest possible flexibility regarding these criteria. If such a model is not available, this Bank will not be considered for the analysis.
Wealth management mandates will either be executed using direct investments (equities, bonds) or using funds. If the Bank explicitly offers both models, the Provider will adopt the cheaper one (fund mandate).
Generally, the tariff for performing stock trades (equities CH) equals to the one of performing bonds. It can occur, that this tariff slightly distinguishes. The Provider summarised both asset classes (stocks & bonds) in the survey under “direct investments”. Due to the fact that the user cannot indicate a proportion between equities and bonds, to simplify matters, it will be calculated with the tariff “equities” for the analysis.
Own funds are only counted for Banks that don’t publish the fees for or offer external funds. Generally owned funds are discounted and result in lower administration fees (custody fees). However, such Banks may have a smaller selection of funds (as the customer can “only” choose from owned funds). From a client ‘s point of view there is a trade-off between higher costs for external funds on the one side and greater independence and selection on the other and vice-versa.
Retrocessions: Generally, retrocessions may happen if 3. Party funds (external funds) are acquired. External fund providers pay the Bank that offers and distributes the funds a commission/ retrocession. Normally the Bank calculates into is fee model if it passes retrocessions to the customer or not. This may result in either lower administration fees for the respective funds or if the retrocession is passed on, in adapted holding & custody fees. For a deeper inquiry or negotiation of this topic, it is recommended to raise the issue directly with the respective Bank.
Some Banks are using for the calculation of their custody fee not the common stepped tariff, but a staggered tariff. A staggered tariff is being adopted only for the defined fraction of the respective volume band and not for the whole amount. The Provider uses this kind of calculation only for these Banks, which explicitly mention this in their public tariffs. For the others, the stepped tariff will be applied.
Special products that are only required for a small number of customers and carry special risks, e.g. Options/ Warrants/Futures are not counted in the output.
Special services like financial planning and tax or succession consultations are not counted either. These services are normally individually charged at time and material (hourly cost) and cannot be compared efficiently.
4. Liability Disclaimer of the Provider
The website Bankentracker.ch is offered as is and the Provider expressly excludes any warranty for the use of the website, tot he extent permitted by mandatory applicable law.
The Provider is liable for direct and immediate damages caused by malicious intent or gross negligence. To the extent permitted by mandatory applicable law, any liability or indemnity for other damages or warranties, especially for loss of profit, indirect and consequential damages of the user or third parties is fully excluded. Any liability for damages of the user caused by published information on the website or in the payable cost analysis, transfer errors, technical errors overload, disruptions (including maintenance of the system), any of the payment methods, unlawful intervention by third parties in the telecommunication or network, or by computer viruses, malware or Trojans are excluded. Any liability for vicarious agents is fully excluded.
The cost analysis or any other information presented on the website of the Provider is not to be construed as a recommendation of the Provider, and the Provider does not assume any warranty or liability for that. The Provider is not liable for errors and disruptions the Provider is not responsible for, especially not for security issues, loss of operation of the user or other third parties like internet providers etc.
5. Liability of the Customer
To the extent permitted by mandatory local law, the user is liable for any damages the user or any of its agents causes the Provider relating to the use of the website or service, irrespective of its nature.
6. Applicable law and legal venue
These terms and conditions for the use of the website provided by MM asset solutions GmbH (user agreement) is subject to Swiss law, excluding the UN CISG and the Swiss international collision law.
The agreed legal venue is, except where another legal venue is given under mandatory applicable law.