Double the choice of currencies for international Repo services

Double the choice of currencies for international Repo services

As of 1 October, SIX Securities Services offers international Repo services for an additional 5 currencies, bringing the total offering to 10 currencies.

“Choice and flexibility are key elements of our internationalization strategy,” explains Thomas Zeeb, Chief Executive Officer, SIX Securities Services, “And it is with this in mind that we continue to expand our markets, our services and now, in the case of international Repo, our range of currencies.”

In response to market demand, SIX Securities Services is offering its Repo product for an additional five international currencies. The new currencies – NZD, AUD, SEK, NOK and DKK – join the existing international Repo currencies provided by SIX Securities Services, namely, the Euro, Sterling, the US and Canadian dollars as well as the Japanese Yen.

SIX Securities Services also provides domestic Repo services denominated in Swiss francs for the Swiss National Bank and for the interbank market.

The international Repo service is a real-time service designed to enhance market liquidity. It allows clients to refinance their transactions, establish arbitrage services and select high quality collateral while leaving them free to choose their preferred counterparty.

“As an infrastructure provider, it is our role to support our clients so that they can more efficiently manage their business and exposures, and in this regard I am convinced that our clients and the market will significantly benefit from this expanded offering, both domestically and abroad”, concludes Thomas Zeeb.