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 x-clear AG is the 121st largest bank in Switzerland in terms of total assets. In 2014 its total assets were 1 076,49 mln CHF, providing the bank with the market share of 0.03%.
SIX x-clear AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
SIX x-clear AG is headquartered in Zürich.
|Total Assets (2014)|
|1 076.49 mln CHF (+41.93%)|
In 2014 total assets of SIX x-clear AG were 1 076.49 mln CHF. Growth compared to the previous period (2013) was 41.93%. The evolution of the total assets of SIX x-clear AG is shown at Chart 1 below.
Chart 1. Total Assets of SIX x-clear 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 x-clear 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|
The following banks operating under SIX brand name has been recently closed down: