Thread: Pfandanpassung
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Old 31.07.2020, 09:26
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Re: Pfandanpassung

I think this is now a good time to start reading the contract and mortgage agreement you have with the bank. You might find out that if you do not comply with the request they can cancel the mortgage.

Who is SIX? It is Switzerland largest payment provider, operates the Swiss Stock Exchange, safely stores securities for simpler transaction, and does some other stuf. It is nothing less than the backbone of the Swiss banking industries. All businesses are different legal entities and part of the SIX Group https://www.six-group.com/en/products-services.html

The part which stores securities is the SIX SIS https://www.six-group.com/securities...t-six-sis.html and this service is globally known as a central securities depository
https://en.wikipedia.org/wiki/Centra...ies_depository

What is a Pfandanpassung? Pfand means roughly lien, and Anpassung means adjustment/modification/to make fit. In other words part of the mortgage lien, which most likely exists in form of a Schuldbrief, has to be adjusted for some reason.

Two possible options which come to my mind: The lien is for a smaller amount than the actual mortgage OR more likely it is a paper lien (Papier-Schuldbrief) which is about to be converted into a digital lien (Register-Schuldbrief) hold at SIX SIS. (or a combination of both)
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