SWX Swiss Exchange: Creation Of A New Recognised Settlement Organisation And Central Securities Depository – Effective As From 1st July 2005

SWX Swiss Exchange will create a new Clearing Organisation to facilitate processing of Structured Products, effective as from 1 st July 2005. This is part of internal housekeeping and will enable the implementation of the revised charging structure for International Bonds.

A revised schedule of SWX Swiss Exchange recognised settlement locations can be found at http://www.swx.com/clearing_en.html

No action is required for members in relation to the creation of this new clearing organisation as the specific segmentation of Structured Products will not result in any direct changes for members as the existing routing and CSSI arrangements will continue to apply.