TCM – Triparty Collateral Management

Featuring real-time exposure coverage and collateral substitution, as well as full integration with our other securities financing products, our Triparty Collateral Management offering allows you to define a range of criteria for your specific collateral requirements. Once done, the rest is automatic – including matching of all parties – and straight-through processed.

With TCM, SIX Securities Services assumes responsibility for administering exposures (pledged assets) and collateralizing them using assets of the same value (securities and cash).

All pledged collateral positions are administered by SIX SIS Ltd, which acts as the pledgeholder for the trading parties and the exposure is constantly checked to ensure it is covered by sufficient collateral. If there is a shortfall against the exposure, valid collateral is automatically drawn from the pool account of the collateral provider and transferred to the TCM account. If there is excess coverage, collateral is booked back into the pool account.