SIX to Provide Local Custody in Spain

SIX to Provide Local Custody in Spain

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.

Stephan Hänseler, Head International Custody, SIX: “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 Domestic Custody Ops., SIX adds: “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.”

Source: SIX

Related articles

  1. Money Market Reform Switches to Europe

    MEMX reviewed recent S&P 500 stock splits to see the impact of changing round lots in high-priced stocks.

  2. The new benchmarks, with Uniswap launched this year, capture 40% of value in DeFi protocols on Ethereum.

  3. Luxembourg Green Exchange launched a specific gender-focused bond flag this year.

  4. Fusion Digital Assets addresses the need for credible infrastructure and assurance.

  5. Cboe has completed the syndication of minority equity interests with a group of thirteen firms.