SIX Securities Services launches Advanced Settlement service
June 19, 2017

SIX Securities Services reports that it has expanded its service offering by launching Advanced Settlement.

It says that this enables financial institutions to process their settlement instructions directly from the trading system – on a fully automated, straight-through-processing and real-time basis – via a single interface. It says the first client, Vontobel, has been using the service since May 16.

SIX says that a key aspect of the new offering is that, in future, Standard Settlement Instructions (SSIs; instructions on processing payments and invoicing) will be comprehensively and automatically generated by SIX Securities Services and managed via a central database.

It adds that as the pilot client for Advanced Settlement, Vontobel has been heavily involved in the development of the service. Opting to be a pilot for this service reflects the fact that Vontobel is sharpening its focus on its core business.

SIX says that this highlights Vontobel's role as a pioneer and emphasizes the effort it is making to realize economies of scale across multiple markets while generating profitable growth for the Swiss financial centre.

According to Peter Camenzind, Head of Transaction Banking at Vontobel: "We are taking an active role in shaping change in the Swiss financial centre. With Advanced Settlement, we can reduce operational risks and complexity in securities settlement for the whole market."

Valerio Roncone, Head of Markets & Clients at SIX Securities Services, explains: "The changes underway in the financial sector are giving rise to fundamental challenges for our clients. With new value-added solutions such as Advanced Settlement, SIX Securities Services' clients can focus more on their core businesses and build on their competitive advantages."





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SIX Securities Services reports that it has expanded its service offering by launching Advanced Settlement.

It says that this enables financial institutions to process their settlement instructions directly from the trading system – on a fully automated, straight-through-processing and real-time basis – via a single interface. It says the first client, Vontobel, has been using the service since May 16.

SIX says that a key aspect of the new offering is that, in future, Standard Settlement Instructions (SSIs; instructions on processing payments and invoicing) will be comprehensively and automatically generated by SIX Securities Services and managed via a central database.

It adds that as the pilot client for Advanced Settlement, Vontobel has been heavily involved in the development of the service. Opting to be a pilot for this service reflects the fact that Vontobel is sharpening its focus on its core business.

SIX says that this highlights Vontobel's role as a pioneer and emphasizes the effort it is making to realize economies of scale across multiple markets while generating profitable growth for the Swiss financial centre.

According to Peter Camenzind, Head of Transaction Banking at Vontobel: "We are taking an active role in shaping change in the Swiss financial centre. With Advanced Settlement, we can reduce operational risks and complexity in securities settlement for the whole market."

Valerio Roncone, Head of Markets & Clients at SIX Securities Services, explains: "The changes underway in the financial sector are giving rise to fundamental challenges for our clients. With new value-added solutions such as Advanced Settlement, SIX Securities Services' clients can focus more on their core businesses and build on their competitive advantages."



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