Swiss National Bank changes repo guidelines post-Brexit
February 3, 2020

The Swiss National Bank has changed its guidelines on monetary policy instruments, and has updated the criteria for collateral eligible for SNB repos.

It says the amendment prevents securities domiciled in the United Kingdom from losing their eligibility as collateral due to the UK's departure from the European Union.

Its implementation results in the following: the UK is added to the list as a host economy for eligible issuers; recognized stock exchanges and representative markets in the UK are considered eligible markets; securities whose ultimate or intermediate depository is in the UK and which are delivered through SIX SIS Ltd meet the criteria for eligibility.





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The Swiss National Bank has changed its guidelines on monetary policy instruments, and has updated the criteria for collateral eligible for SNB repos.

It says the amendment prevents securities domiciled in the United Kingdom from losing their eligibility as collateral due to the UK's departure from the European Union.

Its implementation results in the following: the UK is added to the list as a host economy for eligible issuers; recognized stock exchanges and representative markets in the UK are considered eligible markets; securities whose ultimate or intermediate depository is in the UK and which are delivered through SIX SIS Ltd meet the criteria for eligibility.



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