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SIX Terravis, SIX's digital platform for the mortgage market, is contributing to the planned expansion of the Swiss National Bank's (SNB) liquidity provision framework for the banking sector.
Recent experiences show that banks of all sizes and with different business models can find themselves in situations where they need a lot of liquidity very quickly. To address this situation more effectively, the SNB plans to accept mortgages secured by register debt certificates as collateral for liquidity provision. In doing so, it is relying on the Terravis system for the fiduciary management of register debt certificates.
SIX provides the necessary infrastructure and technology to safely and efficiently process the SNB's liquidity provision. The Terravis system allows information on mortgage claims and the associated register debt certificates to be managed in a central system and securely transmitted to the SNB.
The SNB has developed a standardized, automated, and scalable collateralization process with SIX, which is being implemented by SIX Terravis.
"We are pleased that we can support the SNB in this important project," says Walter Berli, Head Terravis. "With its digital platform and expertise in mortgage financing, SIX Terravis is the ideal partner for this project."
