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product_feature: bordier:mgmt_mandate:pf:atom_274_2nd_counter

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id product_id feature_key feature_value note source_page
bordier:mgmt_mandate:pf:atom_274_2nd_counter bordier:mgmt_mandate pricing_condition Atom #274 SECOND counter-example — old Geneva partnership that PUBLISHES After Reichmuth (founded 1996, Lucerne) became the first published counter-example to atom #274 in PR #105, Bordier becomes the second — but with much higher significance because Bordier was founded 1844 in Geneva, comparable to Pictet (1805) and Lombard Odier (1796). Bordier disproves any "old Geneva partnerships uniformly opaque" narrative. The variable is not age, structure, or geography — it is brand-positioning choice. Pictet/Lombard Odier choose opacity, Bordier chooses transparency. Same century, same city, same partnership form.  
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