Following the successful acquisition and integration of BME Group, SIX is ready to offer its clients and prospects a direct market access to the Spanish Central Securities Depository (CSD).
As of mid-October 2022, all clients of SIX SIS with Spanish securities will benefit from a preferred service provision in Spain having direct communication channels across all services, which will considerably accelerate operational processes. This will be possible via a direct link to the Spanish CSD, Iberclear. SIX SIS is the national Central Securities Depository (CSD) of the Swiss financial market and an International Central Securities Depository (ICSD).
Stephan Hänseler, head of International Custody at SIX, said in a statement: “SIX has established this direct link to Iberclear in line with its direct market access strategy. This enables SIX to provide high quality transaction services, asset servicing as well as tax services based on the safekeeping of Spanish securities of its international custody clients.”
Jesus Benito, head of Domestic Custody Ops. at SIX, said in a statement: “The new direct market access is developed to protect a broad range of asset classes, combining the Swiss and Spanish securities services expertise of SIX. Our best-in-class market access models, combined with its growing international presence, are the basis for flexible end-to-end securities services.”