Risk Disclosure Document
Before using the services provided by Swiss Fiat AG (hereinafter referred to as "the Company"), it is essential that you fully understand and expressly acknowledge the risks associated with engaging with the Company.
As a legal entity affiliated with and supervised by SO-FIT – Organisme de Surveillance pour Intermédiaires Financiers & Trustees (affiliation no. 1524), the Company is required to inform clients of the risks related to its business model, the nature of its services, and the technologies it utilises.
Furthermore, the Company must disclose that it is not supervised by FINMA and that neither public deposits nor crypto-assets held in collective custody are covered by any deposit protection scheme.
This Risk Disclosure Notice applies to all clients of the Company and is publicly available on the Company's official website for review at any time.
Major Risks
No deposit protection scheme
Accounts with Swiss Fiat are not equivalent to Swiss bank accounts. Client funds are not covered by the Swiss deposit protection scheme (esisuisse), which applies only to deposits held with licensed Swiss banks and securities dealers.
Cybersecurity
Despite robust technical and organizational measures, risks such as phishing, malware, man-in-the-middle attacks, and account takeovers cannot be completely excluded. Cyberattacks may result in service disruption, data compromise, or loss of assets.
Exchange rate risk
Foreign currency exchange rates fluctuate outside the Company's control. Transactions in currencies other than CHF may expose clients to losses if funds need to be returned after adverse currency movements.
Transaction processing failures
As services rely on digital systems and third-party providers, technical errors or malfunctions may prevent transactions from being executed at the intended time or in the intended manner.
Transaction errors
Mistakes can occur during payment processes, including incorrect transfers, misdirected payments, or unauthorized transactions.
Correspondent bank charges
In international transfers, external correspondent banks may apply fees that cannot be calculated in advance.
Data security
While Swiss Fiat applies strong safeguards, no system is completely secure. There remains a risk of unauthorized access to or misuse of client data.
Refusal of payment
Receiving banks, intermediaries, or merchants may refuse to accept payments processed via Swiss Fiat's network.
Outsourcing risks
Certain operational functions are outsourced to regulated third parties. Risks include lower-than-expected service quality, dependency on providers, or potential data breaches.
System reliability
Swiss Fiat's infrastructure relies on technology and third-party providers. Interruptions to telecommunications, hosting, or system failures may prevent access to accounts, halt transactions, or delay settlement.
No Deposit Protection
Depositors with licensed Swiss banks benefit from the esisuisse deposit protection scheme, which guarantees deposits up to CHF 100,000 in the event of bankruptcy of the institution (see www.esisuisse.ch).
Swiss Fiat AG, however, is not a bank and is explicitly excluded from this protection scheme. Should Swiss Fiat AG become insolvent, any client funds temporarily held with the Company or routed through omnibus accounts would not benefit from preferential treatment and would form part of the Company's bankruptcy estate.
Client Responsibility
In light of the above, the Company strongly advises all clients to conduct independent due diligence and carefully consider the risks before depositing funds or engaging in transactions involving fiat or crypto assets via Swiss Fiat.
Further information on deposit insurance in Switzerland can be found at:www.esisuisse.ch/de/faq