SIX Securities Services revealed as the leading ICSD in industry agent banks survey
London/Zurich/Geneva - Monday 26th September 2016: Today at SIBOS, SIX Securities Services was revealed to be the best rated International Central Securities Depository (ICSD), in Global Custodian’s annual Agent Banks in Major Markets Survey. The survey analyses the performance of sub-custodian agents in 27 markets globally, based on responses from the world’s largest custodian banks, broker dealers and depositories.
In the analysis of the three leading ICSDs, SIX Securities Services emerged as the highest ranked provider amongst its customers, despite enjoying a considerably smaller market share than major competitors. SIX Securities Services led against the competition across all categories in this international survey, including Settlement, Asset Servicing, Relationship and Client Service, Technology and Ancillary Services, to deliver the best Overall Client Value. These strong scores represent an improvement in four of the six areas.
SIX Securities Services’ CSD, SIX SIS, is praised for being amongst the first wave of CSDs to migrate to the T2S platform. All securities settlement transactions in EUR for Swiss and Liechtenstein ISINs now automatically settle on the T2S platform, though settlement in other currencies continues to use the ICSD’s existing SECOM platform. The analysis also highlights SIX Securities Services’ “Post Trade Target Architecture” programme, which creates a modular service to enable new and faster time-to-market services.
“Our industry is undergoing a profound change, and we have shown our commitment to exploring a range of innovative options to ensure that our clients both in Switzerland and abroad can benefit from both cost savings and new services,” says Thomas Zeeb, Division CEO, SIX Securities Services. “These results are testament to our strong, professional and knowledgeable team, which builds on our heritage and excellent track record to position ourselves as a reliable and innovative partner for our customers – both in Switzerland and abroad.”
If you would like to meet a SIX Securities Services representative or discuss the findings further, SIX Securities Services is exhibiting at SIBOS at stand A29 in Area A.
Head of Strategic Marketing and Communications, SIX Securities Services
+41 7953 84992
Hotwire PR for SIX Securities Services
+44 7809 463 567
For questions about SIX in general, please contact Jürg Schneider, Media Relations.
Phone: +41 58 399 2129
Fax: +41 58 499 2710
About the Global Custodian Agent Banks Survey
The Agents Banks Survey is conducted annually amongst network managers and operations executives from leading global custodians, correspondent banks, brokers and infrastructure providers, to evaluate the performance of their sub-custodian agents in 27 markets worldwide. Evaluations incorporate responses to 50 questions divided into ten categories of service.
SIX Securities Services
SIX Securities Services is one of Europe’s best performing post-trade service providers. SIX Securities Services offers comprehensive clearing, settlement, custody, collateral management and repo trading services for Switzerland and for clients in 65 markets around the world. In addition, as a key part of the Swiss Financial Market infrastructure, SIX Securities Services operates the platform for the electronic processing of land registration and mortgage transactions, the trading platform for the money market transactions of the Swiss National Bank and the platform for the settlement of interbank payments. Furthermore, SIX Securities Services offers fiduciary management of registered mortgage notes, as well as e-bills and direct debits.
SIX operates the infrastructure underpinning the Swiss financial sector and offers a comprehensive range of services around the world in the fields of securities trading and settlement, financial information and payment transactions. The company is owned by its users (approximately 140 banks of various orientation and size). Its workforce of over 4,000 employees and presence in 25 countries throughout the world generated operating income of CHF 1.8 billion and a Group net profit of CHF 713.7 million in 2015.