FlowBank’s liquidators have launched a new platform to assist clients in selling their securities as part of the bank’s liquidation process. Clients are encouraged to complete transactions before November 15, 2024, to avoid delays in accessing their funds.
Asset Liquidation Process
Geneva based FlowBank’s liquidators, Walder Wyss, have provided an online platform that allows clients to sell their securities directly. This streamlined approach is intended to expedite the liquidation process, offering a faster alternative to transferring securities, which can be both time consuming and costly. Clients can log in using their existing credentials to access the platform.
“You can now sell your securities directly through the online platform via your customer area,” the liquidators stated. “Selling and transferring cash is simpler and quicker compared to the transfer of securities.”
Clients are strongly encouraged to take advantage of this process to retrieve their assets promptly. Failure to act could result in further delays in accessing their funds.
Key Considerations
The liquidators advise clients to conduct transactions during active market hours to ensure their orders are processed smoothly. Once sales are completed, the proceeds will be credited to designated bank accounts in either EUR or CHF within a few days.
To facilitate an efficient process, manual transfers and other related requests will be suspended for two weeks after the platform’s launch. This measure is intended to ensure the liquidation process runs smoothly for all clients.
For any questions or assistance, clients can contact FlowBank’s dedicated customer service line at +41 22 888 66 00, available between 09:00 and 17:00 CET. Support agents are ready to provide guidance and answer any concerns regarding the liquidation process.
