Custody/clearing  
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SWITZERLAND - Capital Market Infrastructure Summary

Central Securities Depository
SIX Securities Services

Central Counterparty
SIX x-clear AG

BIS Model
Model 1

Settlement Cycle
T+2

T2S
SIX SIS migrated to T2S in the first wave on 22 June 2015.

Comment
SIX SIS acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants.

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 1
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.