Clearing

SWX Swiss Exchange successfully introduced a Central Counterparty Service (CCP) for eligible securites, in conjunction with SIS x-clear AG (SIS x-clear). The Central Counterparty offers considerable benefits, including:

• Risk management
• Multi-lateral settlement netting (optional)

SIS x-clear stand as Central Counterparty to their members and offer full clearing services across all eligible SWX traded securities.

The SWX market model is shown under Clearing & Settlement Model.

Clearing is now generally accepted as a securities risk management process which offers benefits such as post trade anonymity, the elimination of counterparty risk and the ability to support multi-lateral netting and is supported by a Clearing House or Central Counterparty (CCP).