| |
| | [No title] (Site not responding. Last check: 2007-11-03) |
 | | It is planned that Swiss banks, Postfinance and the Swiss clearing organizations will start to forwarding and receiving cross border payment instructions via SWIFT with the IBAN as beneficiary customer identification in spring 2000. |
 | | Settlement Period T+1 Swiss Exchange (SWX) and SEGA-Intersettle (SIS) have planned to reduce the settlement period in the Swiss spot market from T+3, three working days after trade date, to T+1 later in the year, in a move to improve the efficiency of trading and to reduce the risk exposure for counterparties. |
 | | Therefore, approximately 200 computer systems of all major Swiss banks, the Swiss National Bank (SNB), the Swiss Exchange (SWX), SEGA, Telekurs SIC AG as well as Postfinance, the financial arm of the Swiss Post were linked together for a first interbank test. |
| www.tc68.org /subcomms/tc68/documents/private/TC68_N_1077.doc (432 words) |
|