Clearing

SIX Swiss Exchange successfully introduced a Central Counterparty Service (CCP) for eligible securites, in conjunction with SIS x-clear AG (SIS x-clear). The Central Counterparty offers considerable benefits, including:

• Risk management
• Multi-lateral settlement netting (optional)

SIS x-clear stand as Central Counterparty to their members and offer full clearing services across all eligible SIX Swiss Exchange traded securities.

The SIX Swiss Exchange market model is shown under Clearing & Settlement Model.

Clearing is now generally accepted as a securities risk management process which offers benefits such as post trade anonymity, the elimination of counterparty risk and the ability to support multi-lateral netting and is supported by a Clearing House or Central Counterparty (CCP).