SIX SIS Member Information
SIX SIS AG is Switzerland's national Central Securities Depository (CSD) and is part of the comprehensive post-trade portfolio of SIX, providing complete Swiss and International Custody services.
As a SIX SIS member you can also expect the highest levels of customer service.
This includes support during implementation as well as for when you're ready to use more services.
SIX SIS Member Information
Terms and conditions of admission as a participant of SIX SIS AG
- Banks in accordance with the Swiss Federal Law on Banks and Savings Banks of 8 November 1934 (Banking Law);
- Foreign banks that are subject to the same degree of regulation and supervision as banks in Switzerland;
- Securities traders as defined by the provisions of the Federal Law on Stock Exchanges and Securities Trading of 24 March 1995 (Stock Exchange Law);
- Foreign securities traders who are subject to the same degree of regulation and supervision as securities traders in Switzerland;
- Clearing houses in accordance with the laws of the country of domicile;
- Administrative units organized in terms of public law that hold in custody or administer securities or hold them as book entries in the framework of their activities; and
- Other organizations active in the settlement, safekeeping or book entry of securities, in particular stock exchanges and nominee companies.
Further requirements for participation comprise:
- Signing of the services contract of SIX SIS AG;
- Maintenance of the respective cash accounts for the settlement of securities transactions; and
- Fulfilment of the technical and operational requirements for an interface to our SECOM system.
Admission as a participant is subject to the General Terms and Conditions (GTC) of SIX SIS AG.
Pricing
SIX SIS pursues an open and transparent pricing policy and is committed to offering its services at competitive and cost-effective rates. Flexible pricing for both small and large volumes in Switzerland and abroad plays an important role.
The pricing model is based on the current pricing policy approved by the Board of Directors:
- Transparent and attractive pricing
- Application of user-pays principle and fair pricing
- Economies of scale obtained at purchase are passed on to participants
SIX SIS supports the Code of Conduct on clearing and settlement.
Conversion table
Introduction
The table maps the entries of the CSD's tariff brochure to a set of common service definitions, based on the Commission's definitions for post-trading as referenced in the Code of Conduct.
How to read the Table
Column 1: The list of services corresponds to the one specified in the Code of Conduct and uses the Commission definition (where available).
Column 2: Provides guidelines on which subsections belong to the defined services. As the list is not exhaustive, the "Other" category may need to be used. The purpose of this column is to facilitate completion of the Table by CSDs that provide similar but not identical services in an effort to group such services under subheadings. In all cases, it should not be seen as an effort to invalidate or modify the Commission definitions of post-trading services.
Column 3: Includes the heading of the CSD's tariff caption that corresponds to the service and subsection specified in columns 1 and 2. If not relevant for the CSD, it includes "Service not offered" or "Service not charged for separately".
Column 4: Includes a reference to the CSD's tariff brochure.
Column 5: Specifies to whom the fees are charged. Four possibilities are proposed: issuer (or its agent), intermediary, end investor and other.
Column 6: Includes a short service description, explanation of acronyms or a reference to service description documentation.
Maintenance of the main register by SIX SIS AG
The "Main register of all uncertificated securities managed at SIX SIS AG" is a database and provides information on the number of intermediated securities circulating in the SIX SIS AG clearing system based on uncertificated securities.
The legal basis for the register is Art. 6 Para. 1(c) and 2 of the Federal Intermediated Securities Act (FISA), SR 957.1.
SIX SIS maintains the main register as the sole custodian in terms of Art. 6 para. 2 of the Federal Intermediated Securities Act (FISA) for the uncertificated security issues recorded in the register.
Exceptions to this are those issues or securities specified on the Excluded Issues list (under downloads). The main register in terms of Art. 6 para. 2 FISA is not maintained by SIX SIS, but rather by the custodian banks mentioned there.
The main register of the custodian bank provides information on the total number of intermediated securities based on uncertificated securities.
Federal Law
The register discloses the International Securities Identification Number (ISIN), the quantity and the denomination of the respective uncertificated securities. The register is based on details provided by the issuers of the uncertificated securities. It is updated on a daily basis (end of business day).
Disclaimer
SIX SIS AG does not guarantee the correctness, reliability, current nature or completeness of the information and views given on the SIX SIS website or in the main register. SIX SIS AG disclaims all liability for losses or damages of any kind that may result from use of the website or the information contained therein, or from the use of links to other sites.
Information transfer via the Internet can be subject to malfunctions, delays or errors in the data flow. SIX SIS AG is not liable for any resulting damages or consequential damages.