Securities administration - Switzerland
Reference
Income collection
Entitlements are distributed automatically to all participants with a holding of the respective security on the Record date.
| Market Record date | Ex-date | Basis for entitlement | Standard interest calculation rule | |
| Dividend payment | Ex date +1 | Payment date -2 | Security position on Record date | Not applicable |
| Coupon payment | Payment date -1 | Not applicable | Security position on Record date | 30/360 but there may be exceptions in line with the terms and conditions of the bonds |
Corporate actions
All corporate actions are processed by SIS on behalf of and in collaboration with the Swiss main paying agents.
| Market Record date | Ex-date | Basis for entitlement | |
| Any corporate action | Ex date +1 | Payment date -2 | Security position generally at the beginning of Ex-date |
Shareholder meetings
Swiss companies are required to publish the agenda and details of general meetings.
This publication is mandatory and may be carried out either by the company itself or by an appointed third party.
Shareholders of Bearer Shares wishing to attend a general meeting must generally obtain a confirmation of holding, which is issued upon request by their custodian. The requirement to provide such confirmation is typically specified in the meeting announcement.
For registered shares, there is no obligation for shareholders to maintain permanent registration. However, if shareholders are recorded in the company’s share register, they are usually contacted by the registrar in advance of the meeting and provided with detailed instructions on the participation process, including the necessary steps to exercise their rights.
Proxy voting
Shareholders holding bearer shares may vote and attend Meeting events. For registered shares, the companies generally provide the admittance cards and voting material automatically to shareholders permanently recorded in the share register. Shareholders wishing to participate in a general meeting must be registered in the share register before the securities registration deadline specified in the meeting announcement. Temporary registration for the purpose of attending a meeting is generally possible, provided it is completed before the applicable deadline. Whether registration and voting rights can be exercised at the nominee level or on BO Level only, depends on the company’s articles of association.
For further information, please refer to the General Meeting Detailed Functional Specifications published on the website.
