The SWXess platform automatically identifies locked-in instructions following execution of a given
stock exchange transaction, including the prospective settlement date
and consideration.
This information is forwarded to
clearing and settlement.
Settlement date
Stock exchange transactions in securities listed or authorised for trading on the SIX Swiss Exchange
are settled on the third exchange day (T+3) following execution.
Settlement consideration amount
The SWXess platform automatically calculates the settlement consideration
including accrued interest for locked-in trades.
When specifying the value date at the beginning of interest accumulation,
public holidays in relation to the relevant Central Securities Depository, as well as the
various currencies, are taken into account.
Off-order book trades
Off-order book trades may also lead to automatically generated instructions under
the following conditions:
The participant enters the transaction as a trade confirmation.
The participant does not submit the transaction for
"manual settlement".
In all other cases, settlement is performed manually. Participants are responsible for settling
transactions in good time.
