Collateralization models

• The collateral is provided by a TCM deposit pledged to esisuisse at SIX SIS AG
• Collateral Schedule (SNB GC Basket – L1 Basket and L2A Basket or cash)
• Haircut 5%

The collateral is provided by the pledge of sight deposits at the SNB in favour of esisuisse.

• Interest rate: the applicable SNB policy rate less an interest discount, interest settled annually
• esisuisse onboarding fee: CHF 200, additional expenses CHF 180.00/h
• Annual esisuisse fee: currently CHF 300, additional expenses CHF 180.00/h
• Further information on the interest paid by the SNB on sight deposits can be found in the corresponding SNB fact sheet

• Prerequisite: customer relationship with SIX SIS
• SIX SIS fees: 1.0 bp p.a. on the collateralised amount; one-off CHF 30.00 for opening the collateral arrangement and CHF 6.00 per modification of the amount
• If not already a SIX SIS Repo or SIX SIS-TCM customer: Triparty Service Fee of CHF 500 per month
• esisuisse fee: none; additional expenses CHF 180.00/h

• Currently no additional fees for the collateral account
• Interest calculated on a consolidated basis on the aggregated balance of the main and collateral accounts
• Interest credit/debit for the collateral account is credited/debited to the main account
• Balance of the collateral account is taken into account in the calculation of minimum reserves and the exemption amount or limit
• Annual esisuisse fee: currently CHF 300; additional expenses CHF 180.00/h

Accounting and reporting

More information can be found here: Recommendation for recording positions vis-à-vis esisuisse in the balance sheet and Reporting of deposit insurance

Operationeal effort

• One-off: Transfer of the amount to the account of esisuisse
• Ongoing: Adjustment of the loan amount in accordance with the notification from esisuisse (as a rule once a year in June)

• One-off: Implementation with SIX SIS
• Ongoing: SIX SIS books automatically in and out; the bank’s Treasury monitors this as part of ongoing liquidity management

• One-off: Implementation with the SNB and transfer of the amount
• Ongoing: Adjustment of the account balance in accordance with the notification from esisuisse (as a rule once a year in June)

Contract

Loan agreement
(Appendix 2 to the agreement on self-regulation for the deposit insurance scheme)

TCM agreement
(Appendix 3 to the agreement on self-regulation for the deposit insurance scheme )

Collateral account pledge contract 
(Appendix 4 to the agreement on self-regulation for the deposit insurance scheme )

Notification of the plan model change must be submitted to esisuisse at least six months in advance. The model change may take effect on June 30 or December 31 of any given year. Fees may apply.