Overview of Collateral Secured Instruments (COSI)

The service provided by SIX Swiss Exchange, SIX SIS, and Eurex Zurich Ltd/Eurex Repo allows for the collateralization of certificates listed on the SIX Swiss Exchange and traded on Scoach Switzerland. The condition for collateralization is the availability of relevant prices (fair market price, bond floor, and/or required capital protection level). Two categories of certificates may be collateralized:

Certificates for which a fair market price ("fair value") can be obtained from an independent third party on a daily basis.
All other certificates that come with capital protection (classified as capital protection products by the Swiss Association for Structured Products).

COSI may be traded in the following currencies:

Swiss franc (CHF)
Euro (EUR)
British pound (GBP)
Japanese yen (JPY)
US dollar (USD)

The term of the certificates may not exceed eight years. The issuer commits to provide a market making service for the certificates for the entire period in which the COSI are admitted for trading; bid prices for the COSI must be provided on the secondary market on an ongoing basis.

An overview of all COSI can be obtained through the Scoach website.

A current list of all collateral product structures[pdf] can be found to the right under the heading Downloads.