Admission Procedure

Admission as a participant in the securities trade on the SWX Swiss Exchange is subject to authorisation from the Swiss Federal Banking Commission (SFBC). Applicants must provide proof of having own funds to the amount of at least CHF 10 million.

The SFBC distinguishes between three authorisation types for participants and their securities dealers:

• Authorisation for banks and securities dealers
• Authorisation as a foreign Exchange participant (remote participant)
• Authorisation for subsidiaries and branches of foreign banks and securities dealers in Switzerland

The SFBC guidelines for applying for authorisation for banks and securities dealers are available here.

Application forms	Download
Scoach application form
SWX Participants
SWX Eurobonds only participants
Application Service Provider
Clearing & Settlement Standing Instructions (CSSI) Application
Power of Attorney, Clearstream Frankfurt (CBF)
Power of Attorney, Clearstream Luxembourg (CBL)
Power of Attorney, Euroclear (EOC)
Application for market making (if requested)
Application for QPS capacity (if requested)
Application for Quote Feed

Applications for participation in the SWX must be accompanied by the following documents:

• Authorisation from the SFBC as a securities dealer
• Recent extract from the Commercial Register
• Most recent annual report
• Most recent annual financial statements, incl. the auditors' report
• Organisational chart
• Signature list
• Dealer registrations
• CSSI Forms
• Application for market making / Application for QPS capacity (if requested)

Provisions governing collateral deposits (General Conditions)

Each SWX participant must provide a collateral deposit amounting to at least CHF 500,000. The collateral deposit must be made out to the SWX at SIS SegaInterSettle AG (in cash or in securities which can be pledged pursuant to the stipulations of the Swiss National Bank (SNB) on collateral). Unless the SWX provides otherwise, the loan-to-value ratios of the Swiss National Bank shall prevail with regard to the weighting of securities in the amount of the collateral deposit.