SIS SegaInterSettle, the international service provider has decided to reduce prices for clients, amounting to a saving of over 25 million Swiss francs per year. Record turnovers on the stock exchanges, further cost savings on the procurement side and internal optimisations have made the reductions possible.
The price reductions are a consequence of process optimisations and SIS SegaInterSettle’s high transaction volumes.
“Our number one priority is to ensure high quality standards,” says Robert Rickenbacher, the CEO of SIS Sega Inter Settle AG. “We will make no compromises in that domain!”
In house OTC transactions have been reduced by up to 17 percent while cross-border transaction prices have been cut by up to 80 percent. The introduction of interest payments on large credit balances in the four main currencies: swiss franc, euro, US dollar and pound sterling is aimed at enhancing clients’ use of funds.
The Repo Administration service has become cheaper for SIS clients, and SegaInterSettle are aiming to expand their policy of establishing direct links to other CSDs (Central Securities Depositories).