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SIX Group AG Selnaustrasse 30 8021 Zürich, Switzerland http://www.six-group.com
Contact Mr Stephan Meier +41 58 854 26 75
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SIX Group AG

SIX Securities Services launches new Delivery versus Payment settlement service against gold

In a significant industry innovation, SIX Securities Services, the Swiss post-trade market infrastructure today announced the world's first Delivery versus Payment (DvP) settlement capability against gold

(PresseBox) (Zürich, )
SIX Securities Services has successfully settled a number of transactions against gold with pilot clients.

The SIX Securities Services settlement team significantly reduced time-to-market for this product by treating gold as a settlement currency as well as a foreign currency (XAU).

The value of one XAU unit is defined as one troy ounce of gold valued in US dollars.

Clients wishing to settle transactions against gold will need to have an XAU account with SIX Securities Services (through its CSD - SIX SIS Ltd) and they need to ensure that their account is adequately funded - as would be the yajq uhqb bbq posqz abbewieh.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.