Creation Link Guide - Switzerland
|Settlement free of payment||Yes||Yes|
|Settlement against payment||Yes||Yes||SECOM: Eligible settlement currency: Swiss Francs (CHF), GBP and U.S. Dollars (USD).|
T2S: Eligible settlement currency: Euro (EUR).
|Partial settlement||No||No||SECOM: Only if imposed by the Swiss CSD.|
T2S: T2S offers partial settlement but UBS does not offer this service.
|Settlement penalty fees||No||No||SECOM: In the event of delayed delivery, SIX Swiss Exchange AG foresees the possibility of generating a buy-in procedure.|
|Back-to-back processing||Yes||Yes||SECOM: No pre-matching is performed on back-to-back instructions.|
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 securities||Yes||Yes||Refer to the Swiss Registered Shares section.|
|Multi Market Securities||Yes||Yes|
|Lending and borrowing||Yes||Yes|
|Investment Funds||Yes||Yes||T2S: Hedge funds are not eligible in T2S|
|Liquidity Hub Connect||No||No|
|Sale and purchase of rights||Yes||Yes|
|Market restrictions||Yes||Yes||Refer to Investment Regulation - Switzerland.|
UBS AG N2CI0B.00000.LE.756
SIX-SIS AG N8IQT4.00001.ME.756
|Type of link||CSD or settlement method|
|Inirect link via UBS AG||SIX-SIS AG|