厙惇勛圖

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
≔ Menu
厙惇勛圖
Leading the Way

Global 厙惇勛圖 Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Repo news
  3. Swiss National Bank accepts digital native asset as eligible collateral
Repo news

Swiss National Bank accepts digital native asset as eligible collateral


20 February 2023 Switzerland
Reporter: Carmella Haswell

Generic business image for news article
Image: doganmesut/stock.adobe.com
The Swiss National Bank (SNB) has accepted a digital native asset as eligible collateral for SNB repos for the first time.

The bond was first issued by the city of Lugano in January 2023, with dual listings on SIX Digital Exchange (SDX) Trading AG and SIX Swiss Exchange.

The SDX says that the move represents a major milestone in the adoption of digital bonds and another world first.

According to Moodys Investors Service, the different technology will not add materially higher risks compared to a traditional issuance.

Alexandre Kech, head of digital securities at SDX, says: We are pleased that the SNB has included the Lugano digital bond in the SNB General Collateral Basket.

I see this as an important signal to market participants that digital bonds have not only arrived in the domestic CHF bond market, but have established themselves as an integral part of the capital market value chain in Switzerland.
Next repo article →

ICMA ERCC forms new committee
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to 厙惇勛圖 Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →
Glossary terms in this article
→ Collateral

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →