SIX Securities Services, the ICSD, has doubled the amount of currencies in its international repo currency offering. The five new currencies included in the offering are the New Zealand Dollar, the Australian Dollar, the Swedish Krona, Danish Krone and Norwegian Krone.
The currencies NZD, AUD, SEK, NOK and DKK join the existing international repo currencies provided by SIX Securities Services, namely, the Euro, Sterling, the US and Canadian dollars as well as the Japanese Yen. SIX Securities Services also provides domestic repo services denominated in Swiss Franc for the Swiss National Bank and for the interbank market.
The international repo service provided by SIX Securities Services is a real-time service designed to enhance market liquidity. The service allows clients to refinance their transactions, establish arbitrage services and select collateral while leaving them free to choose their preferred counterparty.
Choice and flexibility are key elements of our internationalization strategy, explains Thomas Zeeb, CEO, SIX Securities Services, And it is with this in mind that we continue to expand our markets, our services and now, in the case of international Repo, our range of currencies.
(JDC)