SIX Launches Triparty Agent System

SIX announced that its Triparty Agent system has successfully gone live. By launching its new Triparty Agent, SIX strengthens the Swiss financial infrastructure and its commitment to the repo and securities finance business. The Triparty Agent with its user interface Collateral Cockpit™ manages on behalf of the counterparties secured transactions such as repos. This encompasses the automated allocation and settlement of collateral and covering of margin calls. Thanks to the highly automated system, no manual interventions are needed to perform these processes while operational risks are minimized. This centralized service provides benefits to all clients by reducing back-office interventions and costs and strengthens a higher grade of automation.