SIX Terravis, the Platform for Supporting Mortgages, Contributes to the Expansion of SNB’s Liquidity Provision Framework for the Banking Industry

SIX Terravis, the digital platform for the mortgage market developed by SIX, is playing a key role in the expansion of the Swiss National Bank’s (SNB) liquidity provision framework for the banking sector.

The SNB recognizes that banks of all sizes and with different business models can face situations where they require a significant amount of liquidity rapidly. To address this challenge more effectively, the SNB plans to accept mortgages secured by register debt certificates as collateral for liquidity provision. In this endeavor, the SNB relies on the Terravis system for the fiduciary management of register debt certificates.

SIX, as the provider of the necessary infrastructure and technology, enables the safe and efficient processing of the SNB’s liquidity provision. The Terravis system allows for central management of information regarding mortgage claims and associated register debt certificates, securely transmitting it to the SNB.

SIX Terravis has collaborated with the SNB to develop a standardized, automated, and scalable collateralization process, which is currently being implemented.

Walter Berli, Head of Terravis, expressed his satisfaction in supporting the SNB on this important project. He emphasized that with its digital platform and expertise in mortgage financing, SIX Terravis is the ideal partner for this initiative.

SIX is a provider of infrastructure services for the Swiss and Spanish Stock Exchanges, Post-Trade Services, Banking Services, and Financial Information. Its objective is to enhance efficiency, quality, and innovation throughout the entire value chain of the Swiss and Spanish financial centers. The company is reportedly owned by its users, which consist of 120 banks.

With a workforce of 4,044 employees and a presence in 20 countries, SIX reported operating income of CHF 1.5 billion and a Group net profit of CHF 185.0 million in 2022.

In other news, SIX has announced the appointment of Bjørn Sibbern as the Global Head of Exchanges and Member of the Executive Board, effective from January 1, 2024. Sibbern is currently serving as the Executive Vice President and President of European Markets at Nasdaq, bringing more than two decades of experience operating across capital markets. He will succeed Christoph Landis, who has been leading the exchange business of SIX on an interim basis since February 2023. Landis will resume his previous role as Head of IT and a member of the SIX Executive Board.

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