Swiss Value Chain
The integrated settlement solution in place between SIX Swiss Exchange Ltd and SIX SIS Ltd enables all stock exchange transactions to be settled on a fully automated basis, from the trade right the way through to settlement, without having to place an additional order. The link to SIC/euro, SIC Switzerland's RTGS, guarantees the settlement of transactions in national bank money.
As a clearing house and central counterparty, SIX x-clear Ltd occupies an intermediary position between the trading parties. This has the following advantages:
- Full post-trade anonymity is guaranteed
- Bilateral counterparty risks are eliminated
- Settlement netting is made possible, which reduces settlement volumes and costs.