SIX operates Switzerland’s financial market and offers comprehensive services in the areas of securities trading, clearing and settlement, as well as financial information and payment transactions. The company is owned by its customers: approximately 140 banks of various size and business activities.
SIX SIS AG is the 49th largest bank in Switzerland in terms of total assets. In 2014 its total assets were 6 471,55 mln CHF, providing the bank with the market share of 0.17%.
SIX SIS AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
SIX SIS AG is headquartered in Zürich.
|Total Assets (2014)|
|6 471.55 mln CHF (+32.99%)|
In 2014 total assets of SIX SIS AG were 6 471.55 mln CHF. Growth compared to the previous period (2013) was 32.99%. The evolution of the total assets of SIX SIS AG is shown at Chart 1 below.
Chart 1. Total Assets of SIX SIS AG.
|Yes (up to 100 000 CHF per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of SIX SIS AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of SIX SIS AG and its components are shown in the table below.
|Bank BIC Code||INSE|
|Country Code||CH (Switzerland)|