Contractual documents
The contracts signed between SIX x-clear Ltd and its members (contract for clearing services) concerning CCP for SIX Swiss Exchange are governed by Swiss law. For third-party exchanges (e.g. the London Stock Exchange) contracts in line with the legislation of the relevant country will be provided.
This does not apply to the contracts concerning collateral (margins/Default Fund/pledgeholder), which are identical for all stock exchanges. These contracts are governed by Swiss law.
Clearing services for SIX Swiss Exchange are regulated by the General Terms and Conditions of Business (GTCB) and the exchange-specific GTCs. Specific GTCs are applicable to third-party exchanges (e.g. the London Stock Exchange). The services offered are described per exchange in the respective Rules & Regulations.
