Swiss National Bank Ordinance (NBO)
In accordance with the Swiss National Bank Ordinance (NBO), SIX Securities Services (DSS) maintains default procedures for SIX x-clear Ltd (“SIX x-clear”) and SIX SIS Ltd (“SIX SIS”). These procedures are designed to efficiently support any member of SIX x-clear or participant of SIX SIS in the event of a member’s/participant’s default while also protecting the Swiss financial market infrastructure.
In line with the Swiss National Bank Ordinance, SIX x-clear discloses its investment strategy to its participants. The investment strategy ensures that the funds made available to SIX x-clear are invested in liquid assets which have low levels of credit and market risk.