CH Repo Market
In the CH Repo Market, we provide the Interbank Repo Market and the infrastructure for Swiss National Bank's open market operations.
The CH Repo Market comprises many standardized and non-standardized terms. The contracts in the CH Repo Market are differentiated by their term.
Standard Fixed Term
In addition, you can trade non-standardized contracts, i.e. Purchase and Repurchase can be negotiated.
| Intraday (IN) | 1 Month (1M) |
| Overnight (ON) | 2 Months (2M) |
| TomNext (TN) | 3 Months (3M) |
| SpotNext (SN) | 6 Months (6M) |
| 1 Week (1W) | 9 Months (9M) |
| 2 Week (2W) | 12 Months (12M) |
| 3 Week (3W) |
In addition, you can trade non-standardized contracts, i.e. Purchase and Repurchase can be negotiated.
Variable Term
For contracts with variable terms, the Repo Rate can be negotiated in basis points as an offset to a benchmark (e.g. SARON).
Open Term
For Open Term contracts, the counterparties can negotiate a repurchase date during the term.
Collateral
There are two types of collateral in the CH Repo market: baskets (“General Collateral”, GC) and securities (“Special”, SPC) An overview of all contracts including the supported trading currencies, the types of collateral and terms is available in the Product Specifications for the CH Repo Market.
Liquidity-shortage financing facility
The participants of the CH Repo Market have access to the liquidity-shortage financing facility (if agreed with the SNB).
Downloads
- Regulations for the Admission of Participants and the Use of the Trading Platform of SIX Repo Ltd (Rule Book)
- Product Specification for the CH Repo Market
- Product Specification for the CH Repo Market OTC Spot
- Regulations for the Admission to Trading of Money Market Book Claims (MMBCs) Issued by the Swiss Government and SNB Bills on the OTC Spot Market of SIX Repo Ltd
- List of Charges for the CH Repo Market valid as of 1 January 2018
- Trading Directive for the CH Repo Market
- Trading at SIX Repo Ltd - Guidelines for participation in the CH repo market and OTC spot market
- Trading at SIX Repo AG - Guidelines for participation in the CH repo market and OTC spot market
Several Functionalities are Available
- Request for Offer (RfO)
- Quote
- Order
Trading Hours and Dates
The Platform's trading days are defined in the trading calendar of the Platform Operator. Trading on the Platform shall be open from 07:00 to 18:00 from Monday to Friday except on 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.
Downloads
- Regulations for the Admission of Participants and the Use of the Trading Platform of SIX Repo Ltd (Rule Book)
- Product Specification for the CH Repo Market
- Product Specification for the CH Repo Market OTC Spot
- Regulations for the Admission to Trading of Money Market Book Claims (MMBCs) Issued by the Swiss Government and SNB Bills on the OTC Spot Market of SIX Repo Ltd
- List of Charges for the CH Repo Market valid as of 1 January 2018
- Trading Directive for the CH Repo Market
- Trading at SIX Repo Ltd - Guidelines for participation in the CH repo market and OTC spot market
- Trading at SIX Repo AG - Guidelines for participation in the CH repo market and OTC spot market
In order to take advantage of variable transaction fees we recommend that you subscribe to either Commitment Level I or II. If you need advice on how this could benefit you please do not hesitate to contact us: