Creation Link Guide - Switzerland

23.11.2016

Key features

SECOMT2SRemarks
Settlement free of paymentYesYes
Settlement against paymentYesYesSECOM: Eligible settlement currency: Swiss  Francs (CHF), GBP and U.S. Dollars (USD).
T2S: Eligible settlement currency: Euro (EUR).
Bridge settlementYesYes 
Shaping facilityNoNo 
Partial settlementNoNoSECOM: Only if imposed by the Swiss CSD.
T2S: T2S offers partial settlement but UBS does not offer this service.
Settlement penalty feesNoNoSECOM: In the event of delayed delivery, SIX Swiss Exchange AG foresees the possibility of generating a buy-in procedure.
Pre-matchingYesYes 
Back-to-back processingYesYesSECOM: No pre-matching is performed on back-to-back instructions.
AllegementsNoNo 
Bilateral cancellationYesYes
Automatic compensationYesYes

Only for Equities and Only in CHF.

Income payments in foreign currencies may, in exceptional circumstances, be subject to delays and will be paid upon receipt only.

Registered securitiesYesYesRefer to the Swiss Registered Shares section.
Multi Market SecuritiesYesYes 
Lending and borrowingYesYes 
Proxy votingYesYes 
Investment FundsYesYesT2S: Hedge funds are not eligible in T2S
Liquidity Hub ConnectNoNo 
Sale and purchase of rightsYesYes 
Repo servicesYesYes 
Market restrictionsYesYesRefer to Investment Regulation - Switzerland.
FTTNoNo 
FATCA GIIN

UBS AG     N2CI0B.00000.LE.756

SIX-SIS AG     N8IQT4.00001.ME.756

Type of linkCSD or settlement method
Inirect link via UBS AGSIX-SIS AG