SECOM
SECOM is a securities settlement system operated by the central securities depository for Switzerland , SIX SIS AG . It is used for the safekeeping and processing of tradable financial instruments ( stocks , bonds , ETFs and derivatives ).
In 2008, SECOM processed almost 70 million transactions and at the end of the same year it held over 160,000 different financial instruments with a total value of around 2.4 trillion Swiss francs.
The name SECOM stands for Settlement Communication System .
Individual evidence
- ^ Philipp Haene: The SECOM securities settlement system . Ed .: Swiss National Bank . May 2009 ( online [accessed August 3, 2017]). .