Collateral and Repo Trading: CO:RE

CO:RE helps banks, broker-dealers, insurance firms, commercial banks and other market players to drive efficiency, reduce risk, and control their costs.

Effectively, CO:RE brings together trading and collateral management capabilities in a fully integrated value chain. CO:RE is a multi-faceted electronic trading facility providing single-point access to over 160 counterparties to trading repo contracts across 14 currencies.

Central and commercial bank money are both available, alongside access to the Swiss National Bank’s (SNB’s) primary market for the issuance of money-market instruments.

Fast, Secure and Flexible

Become a partner now and benefit from our repo transaction.

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How You Will Benefit

Providing Repo Trading for the SNB

SIX is the Swiss National Bank’s trusted provider of repo trading capabilities.

Multi-Currency Repo Trading

Carry out repo transactions in 14 currencies.

Fully Integrated Value Chain

Reduce your operational risk thanks to our integrated value chain.

Read the Factsheet

Find out how you can benefit from our integrated solution, CO:RE.

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About This Service

The most important type of transaction between banks and the Swiss National Bank (SNB) is the repo transaction (repurchase agreement). The SNB buys securities from a commercial bank and on purchasing them, agrees that the bank will repurchase the securities later on. This gives the bank liquidity from the SNB. The Swiss National Bank receives interest on this loan, which is known as repo interest.

SIX is the sole provider of this service for Switzerland and has built the optimal platform for this type of transaction.

Become a Participant

Whether you are new to repo and interested in knowing more about the repo markets provided by SIX or you are interested in joining our markets, we are here to help.

We give you all the business and technical information you need to take informed decisions and we guide you through the process every step of the way.

Learn How

Make the Connection

Technical connectivity to the CO:RE Trading Platform is provided by the SIX Common Access Portal (SCAP). SCAP provides access to both trading environments - member test as well as production.

Once registered, new participants receive individual log-in details for the SIX Repo website participant section. In this section, all the documentation and software you need are available for download.

Connectivity Options

Markets & Products

SIX operates two markets: CH Repo and OTC Spot. These are the only markets where banks can trade with the Swiss National Bank (SNB).

In the CH Repo Market, we provide the Interbank Repo Market and the infrastructure for SNB's open market operations.
In the OTC Spot Market, SNB holds auctions of Treasury Bills (GMBF), Federal Bond Issues and SNB Bills.

OTC Spot Market CH Repo Market

Special-Rate Repo Service

The Swiss National Bank (SNB) offers commercial banks the liquidity-shortage financing facility to overcome short-term liquidity shortages. This facility can be used through the Special-Rate Repo service.

Special-Rate Repo

Repo Trader Training & Examination

Only authorized traders may use the SIX Repo AG platform. This training course is intended for all Repo traders who want to acquire this professional qualification and it serves as a preparation for the subsequent trader examination.

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