Fiduciary Administration of Register Mortgage Certificates

Have your register mortgage certificates administered on a fiduciary basis

You can have your register promissory notes administered on a fiduciary basis via Terravis. As a financial market intermediary, SIX SIS AG carries out the administrative actions commissioned by you and acts as a creditor towards third parties. The credit relationship continues to be exclusively between you and the credit customer, and the credit customer’s legal position is not affected by the fiduciary administration of register promissory notes. In addition, the contracts on which the service is based preclude repledging, lending or other misappropriation of the register promissory notes by SIX SIS AG.

The Benefits

  • Harmonisation of the handling of register promissory notes throughout Switzerland
  • Simplification of the transfer of mortgages when changing lenders
  • Simplification of the transfer of register promissory notes in the event of loan repayments or changes of ownership

One Service – Two Perspectives

As a Credit Servicer

As a credit servicer, you let register promissory notes which you manage in your own books be administered by SIX SIS AG on a fiduciary basis. You conveniently brief the administrative trustee on the desired transactions via Terravis. We call this service to credit servicers ‘Nominee’ for short.

As Investor

As an investor, you authorise a credit servicer to let the register promissory notes pledged as security to your institution by this servicer be administered by SIX SIS AG. The credit servicer issues the orders for all administrative actions, while you can inspect the register promissory note account held in your name at any time. We call this service to investors ‘True Sale’ for short.

Downloads

Contractual Documents

The contract for the fiduciary management of registered promissory notes (nominee) consists of the following documents:

  • Participant agreement concerning the fiduciary management of registered promissory notes
  • Deposit agreement
  • price list
  • Control agreement

The control agreement does not apply to investors.

Pricing

The costs are made up of two factors:

  • Basic fee
  • Transaction fee

Manuals

To make it easier for you to use Terravis, we provide you with operating instructions. These are valid when using the Terravis user interface (Web-GUI). When using Terravis in your own processing system, please follow the operating instructions of the corresponding system. 

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