SIX, through its SIX SIS subsidiary, has signed a Memorandum of Understanding (MOU) with Korea Securities Depository (KSD) for cooperation in the area of securities depository and settlement. The signing ceremony took place today in Zurich, Switzerland.
Based on the terms of the MOU, SIX and KSD will cooperate in the area of securities depository and settlement to foster the prosperity of financial markets, promote cross border investment and explore opportunities for joint development. The partnership also envisages a closer working relationship in the future, regular meetings and the maintenance of communication channels for the exchange of information.
Javier Hernani, Head Securities Services and Executive Board Member at SIX , said:
“The agreement is another step forward in expanding our reach in Asia, where we see business opportunities, explore new markets, and establish new relations. Given our strong position in the global post-trade value chain, we believe that this new partnership will boost the joint value and growth potential.”
The scope of the mutual cooperation features such areas as mutual support for investment in the Korean and Swiss markets. It also includes the mutual exchange of information on operation and market as well as improvement opportunities.
