Deposit Account Control Agreement Template for Switzerland

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Deposit Account Control Agreement

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Deposit Account Control Agreement

"I need a standard Deposit Account Control Agreement under Swiss law for a single Swiss Franc account held by our manufacturing company with Credit Suisse, where the secured party is a single lender providing a term loan facility closing on March 15, 2025."

Document background

The Deposit Account Control Agreement (DACA) is a crucial document in secured financing transactions under Swiss law, typically used when a lender requires security over the borrower's bank accounts. This agreement is essential in establishing the secured party's control over the specified accounts while balancing the operational needs of the account holder and the administrative requirements of the account bank. The document addresses key aspects such as account operation, control mechanisms, notification requirements, and the rights and obligations of all parties involved. It is particularly relevant in the context of larger financing transactions where account control is a key component of the security package. The agreement must comply with Swiss banking regulations, including requirements under the Swiss Banking Act and related ordinances, while also considering practical aspects of account management and control.

Suggested Sections

1. Parties: Identification of the account holder (debtor), secured party (creditor), and account bank

2. Background: Context of the agreement, including reference to the underlying credit facility or security arrangement

3. Definitions: Definitions of key terms used throughout the agreement

4. Account Control and Security: Establishment of control over the account and security interests

5. Account Bank's Rights and Obligations: Duties of the account bank, including compliance with instructions and maintaining the account

6. Notice of Exclusive Control: Process and effects of secured party issuing a notice of exclusive control

7. Representations and Warranties: Key statements of fact and assurances from each party

8. Instructions and Notices: Procedures for giving instructions and notices regarding the account

9. Fees and Expenses: Account bank's fees and allocation of expenses

10. Indemnification: Indemnification obligations of the parties

11. Term and Termination: Duration of the agreement and termination procedures

12. Miscellaneous: Standard provisions including governing law, jurisdiction, amendments, and notices

Optional Sections

1. Securities Account Provisions: Additional provisions when the controlled account includes securities (required if agreement covers securities accounts)

2. Foreign Currency Accounts: Special provisions for accounts held in currencies other than Swiss Francs

3. Multiple Account Provisions: Additional provisions when agreement covers multiple accounts

4. Internet Banking Access: Provisions regarding online banking access and control

5. Subsidiary Account Holder Provisions: Additional provisions when the account holder is a subsidiary of a larger corporate group

6. Agent Provisions: Required when the secured party is acting as an agent for multiple lenders

Suggested Schedules

1. Account Details Schedule: List and details of all accounts subject to the agreement

2. Authorized Persons Schedule: List of persons authorized to give instructions on behalf of each party

3. Form of Notice of Exclusive Control: Template for the notice to be sent by secured party to establish exclusive control

4. Form of Termination Notice: Template for notice to terminate the agreement

5. Fee Schedule: Details of the account bank's fees and charges

6. Operating Procedures: Detailed procedures for account operation and instruction processing

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking & Financial Services

Corporate Lending

Investment Banking

Asset Management

Private Equity

Manufacturing

Real Estate

Infrastructure

Technology

Healthcare

Retail

Energy

Relevant Teams

Legal

Finance

Treasury

Credit Risk

Compliance

Corporate Banking

Transaction Management

Account Management

Security Administration

Operations

Relevant Roles

Chief Financial Officer

Treasury Manager

Finance Director

Legal Counsel

Banking Relationship Manager

Credit Risk Manager

Security Trustee

Compliance Officer

Account Manager

Corporate Finance Manager

Senior Loan Officer

Transaction Manager

Security Agent

Trust Officer

Find the exact document you need

Business Direct Deposit Form

A Swiss-compliant form for establishing business direct deposit arrangements with banking institutions, enabling automated payment processing under Swiss banking regulations.

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Deposit Account Control Agreement

Authors

Alex Denne

Find the exact document you need

Business Direct Deposit Form

Deposit Return Letter

Earnest Money Agreement

Paycheck Direct Deposit Form

Money Deposit Form

Security Deposit Return Form

Security Deposit Agreement Form

Rental Deposit Return Form

Direct Deposit Request Form

Deposit Refund Form

Certificate Of Deposit Form

Deposit Agreement Form

Bank Direct Deposit Form

Payroll Direct Deposit Form

Deposit Verification Form

Deposit Account Control Agreement

Cash Deposit Form

Direct Deposit Enrollment Form

Rental Deposit Form

Employee Direct Deposit Form

Rental Deposit Agreement

Direct Debit Authorization Form

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Commercial

Employment

IP

Administration

Finance

R&D

Use Cases