Immediatley after execution of a trade, fully automated settlement instructions is forwarded
to the relevant
central counterparty (CCP) or directly to the central securities depository (CSD).
Straight-through processing (STP) is facilitated by the use of routing information
entered by SIX Swiss Exchange and various
The following information from SIX Swiss Exchange - which is transmitted together with the settlement
data - allows participants to link transactions to their back-office platforms:
Trade ID: A sequence of 16 characters that uniquely identifies each transaction.
Bank Internal Reference: Another character sequence that the participant
can voluntarily add to each transaction. It is used by back-office systems to link settlements
with transactions fully automatically.