The Role of the Triparty Agent (TPA)
SIX is responsible for the settlement and administration of repo transactions submitted to the TPA via the CO:RE trading platform or OTC. The TPA is responsible for the simultaneous exchange of cash and collateral at the settlement date of the repo transaction, the mark-to-market valuation of the cash and securities collateral exchanged and the calculation of the net risk exposure per counterparty in order to determine the margin requirements.
The TPA is also in charge of securities valuation, eligibility and margin monitoring, and delivery versus payment (DVP) settlement. Comprehensive reporting from trade to settlement is available.
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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.