With its repo market for Swiss regional banks on the technological trading platform of SIX Repo Ltd, Entris Banking AG can now provide its clients with additional liquidity via repo transactions. With this new service, Entris Banking AG acts as the link between the Swiss repo market and the regional banks. Here regional banks benefit from automated, straight-through processing (STP) without any media breaks and with it, the associated increased level of system security. In addition, the efficiency gains in terms of processing lead to cost savings, which now form a key part of many banks’ strategies.

Hans Ulrich Bacher, CRO and Board Member, Entris Banking AG:
“Our cooperation with SIX in the repo area reflects our role in the Swiss financial market: as a clearing house and transaction bank, we support smaller and medium-sized banks in Switzerland, so that they can focus on their core business. As the operator of the highly efficient repo trading platform, SIX is the ideal infrastructure partner for us to enhance market access and liquidity trading for Swiss regional banks.”

Raphael Heuberger, Head Securities Finance Product Management, Securities & Exchanges, SIX:
“It is our overall goal to add value for Swiss financial market participants. To do so, we actively develop value-adding, future-oriented solutions. Our partnership with Entris Banking AG reduces operational complexity and risk for Swiss regional banks, thus helping them boost the performance of their businesses.”

Any questions?

Please do not hesitate to contact Julian Chan.

SIX operates and develops infrastructure services in the Securities & Exchanges, Payments and Financial Information business units with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss financial center. SIX is owned by its users (127 banks). With a workforce of some 4,000 employees and a presence in 23 countries, it generated operating income in excess of CHF 1.9 billion and Group net profit of CHF 207.2 million in 2017.
In the Securities & Exchanges business unit SIX offers its customers in Switzerland and around the world a comprehensive range of exchange services – listing, trading and post-trade solutions – from a single source. In doing so, SIX combines the dynamism of one of Europe's foremost stock exchanges with the stability and reliability of one of the most respected post-trade service providers in the industry.

Entris Banking
Entris Banking ist die Girozentrale und Zentralbank der Entris-Banken, einer Gruppe von Schweizer Regionalbanken. Darüber hinaus bietet Entris Banking als Transaktionsbank kleineren und mittleren Finanzinstituten damit verbundene Dienstleistungen wie Auslandzahlungsverkehr, Bank- und Vorsorgeprodukte, Global Custody & Brokerage und Zahlungsmittel an. Mit ihren Dienstleistungen reduziert sie Komplexität, damit sich die Kunden auf ihr Kerngeschäft konzentrieren und die Kosten der Back-End-Prozesse reduzieren können. Zu den Kunden von Entris Banking zählen Regionalbanken, Kantonalbanken sowie kleinere und mittlere Privatbanken.