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SIX Repo AG Participant Information

SIX Repo AG provides real-time integrated collateral & liquidity management services.

As a SIX Repo AG participant you can expect the highest levels of customer service.
This includes support during implementation as well as for when you're ready to use more services.

In the info center for Securities Finance learn more about how you can become a participant, rules and regulations, our trading hours and more.

How to Become a Participant

In order to get access to the Repo markets you must conclude a participation agreement with SIX Repo AG. To become a new participant of SIX Repo AG please fill out all the following forms (including the documents mentioned in the annex of the form “Participation”) and send them in hard copy to SIX Repo AG.

Domestic (CH)

  • Application Form for Participation
  • Participant’s Declaration of Consent regarding SIX Exchange Regulation Ltd and the Regulatory Bodies
  • Trader’s Declaration of Consent and Data Protection Clause

Foreign (Non-CH)

  • Application Form for Participation
  • Participant’s Declaration of Consent regarding SIX Exchange Regulation Ltd and the Regulatory Bodies
  • Trader’s Declaration of Consent and Data Protection Clause
  • FINMA application for authorization as a remote member of SIX Repo AG
  • Template for regulated companies - FINMA application for authorization as a remote member of SIX Repo AG (existing remote member authorization for SIX Swiss Exchange AG)
  • Information Statement in accordance with Article 15 of the Securities Financing Transactions Regulation

After receiving your documentation we will review it and confirm the approval of your application.
More information about the admission requirements is available below in the “Rules and Regulations” section.

Find Relevant Documents in the Download Section

Rules and Regulations

The content of the following documents: Rulebook, Regulations for the Admission to Trading, Trading Directive and Product Specifications was defined by the Regulatory Board, respectively the management committee of SIX Repo AG. The provisions reflected in these documents  are binding for the participants, in the relevant applicable version.

Repo Trader Training & Examination

Only authorised Repo traders may use the platform of SIX Repo AG. This training course is intended for all Repo traders who want to acquire this qualification. 

Find Out More

Trading Hours and Dates

The trading days of the platform are defined in the calendar of the platform operator.
Trading on the platform shall be open from Monday to Friday from 07:00 to 18:00, with the exception of Repo Market holidays:

  • New Year's Day
  • Good Friday
  • Easter Monday
  • Christmas Day 
  • Boxing Day

For further details please consult the Trading Calendar in the reference section of the CO:RE trading GUI.

Each participant is responsible for the technical connection to the CO:RE Trading Platform. All software components and required VPN certificates for the secure connection are free of charge.

Technical Connectivity to CO:RE Trading Platform is Provided by the SIX Common Access Portal (SCAP)

SCAP provides access to both trading environments (member test and production). The participant's router and/or software clients and SCAP may communicate via an encrypted VPN tunnel. This uses the Internet Protocol Security (IPSec) and Internet Key Exchange (IKE) protocols. 

Process Overview

After submitting all the required forms for participating in SIX Repo markets, the participant receives individual online log-on details for the participant section on the SIX Repo website.
 
Here they can download documents, software, VPN certificates and router configurations as well as all other relevant information for the installation and configuration of the CO:RE Trading Platform.

Connectivity Options

To connect to the CO:RE Trading Platform production and member test environments, one of the following is necessary: 

1) Internet connectivity (at least 1mb) – simple and cost-effective

Internet connectivity is a simple, non-redundant and cost-effective solution. It is the ideal solution for participants with low trading volumes.

2) Managed IP service – outsourcing network maintenance to service providers

The Managed IP service option is designed for participants wishing to outsource the maintenance of their network to a specialist service provider.

We support Managed IP / leased lines from BT-Radianz, Deutsche Börse AG and SIA S.p.A. Additionally, we also support Secure Swiss Finance Network (SSFN) based on SCION technology (Scalability, Control, and Isolation On Next-Generation Networks) connections from various providers.
Please follow this link for more information: Secure Swiss Finance Network (SSFN).

The related lines must be ordered directly from the provider by the participant. Third parties are fully responsible for their technical infrastructure.

3) Web-based access – outsourcing to service provider

The service provider oraïse AG offers access to the CO:RE Trading Platform via a web browser and login token. With this VPN infrastructure solution, software installations and release upgrades are not required.

Third parties are fully responsible for their  technical infrastructure.

Technical Support
Repo Infodesk

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The Swiss Stock Exchange operates a competitive infrastructure for the Swiss financial center, catering to a broad, international client base. The close collaboration between the Swiss Stock Exchange and SNB in the area of open market transactions strengthens the Swiss Value Chain, which provides our clients with a seamless connection between trading and post trade processing.

The Swiss National Bank

The Swiss National Bank  (SNB) may conduct Repo transactions in the form of auctions or bilaterally with individual counterparties.

It is the task of SNB to provide the Swiss franc money market with liquidity. For this purpose, SNB uses open market operations which include Repo transactions, the issuance of SNB Bills, as well as the purchase and sale of SNB Bills in the secondary market.

The Swiss Stock Exchange

The Swiss Stock Exchange manages for SIX Repo AG the post-trade processing.  

Website

SIX Financial Information

SIX Financial Information provides SIX Repo AG with all exchange rates.

The business area Financial Information specializes in procuring, processing and distributing financial data coming from all key exchanges in the world. The data universe includes reference data, corporate actions, pricing and market data of more than 30 million financial instruments.

Website

  • Repo Infodesk

    The SIX Repo-Infodesk is pleased to be your single point of contact for any questions you may have. During the trading days we offer support from 07:15 to 18:15 CET.

    • +41 58 399 2190
    • SIX
      Securities Finance
      Pfingstweidstrasse 110
      8005 Zurich