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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