|Equities||Corporate bonds||Government bonds||Derivatives|
|Trading||SIX Swiss Exchange||SIX Swiss Exchange||SIX Swiss Exchange||Eurex|
|Clearing||SIS x-Clear AG/
|SIS X-Clear AG||SIS X-Clear AG||Eurex Clearing AG|
|Settlement and custody||SIX SIS AG||SIX SIS AG||SIX SIS AG||n/a|
|Cash leg||SIX Interbank Clearing||SIX Interbank Clearing||SIX Interbank Clearing||n/a|
Penalties apply only to CCP cleared trades. Fines vary according to the settlement amount with a minimum of CHF 100 (equities and bonds) or CHF 50 (ETFs) per failed trade per day.
50% of the fine collected is passed onto the receiver of securities as a compensation for the late settlement.
Buy-ins apply only to CCP-cleared trades. The buy-in timings are:
For market-makers in specific ISINs traded on SIX Swiss Exchange, the following apply:
In case a buy-in cannot settle, there is a cash settlement on ISD +20.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
BNP Paribas Securities Services in Switzerland is one of the largest post-trade service provider of SIX Swiss Exchange and a leading provider for clearing, settlement and custody services. We are one of the top three clearing members of SIX x-Clear and member of the Post-Trade Council at SIX Group.
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, proxy services, cash and collateral management.
Global Custodian Agent Banks in major Markets Survey (2017): Best Swiss scores in relationship management, settlement and reporting
BNP Paribas Group has been active in Switzerland since 1872. BNP Paribas Securities Services Zurich Branch was created in 2001, constantly growing since
For more information, please contact your relationship manager or
Garrick Smith, Head of Location