# SIX Securities Services launches new Equity Index Baskets
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-05-16
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: SIX Repo Ltd Launches European Equity Index Baskets on CO:RE
Meta Description: Discover the new European Equity Index Baskets available for equity repo financing on the CO:RE trading platform. Join the trend towards a more singular view of
URL: https://financedigest.com/six-securities-services-launches-new-equity-index-basketshtml

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**SIX Repo Ltd’s repo trading platform CO:RE, owned by SIX Securities Services, has launched two additional European Equity Index Baskets: the CAC 40 and FTSE 100 for equity repo financing. This is in addition to the available baskets for the Swiss SMI 20, German DAX 30, MIB 40 and the Spanish IBEX 35 index.**

SIX Securities Services, through its business unit SIX Repo Ltd, has witnessed an increasing demand for equity repo financing. Equity repos – baskets reproducing market indices – supplement the Swiss National Bank’s (SNB) high-quality liquid asset baskets (HQLA), SNB HQLA 1 and 2, which are traded as the market standard on the CO:RE [trading](https://www.financedigest.com/adrian-reid-how-he-beat-the-odds-crafted-a-legacy-with-enlightenment-stock-trading.html) platform via direct counterparties (tri-party).

According to NerinDemir, Head SIX Repo Ltd: “Different banks and non-bank financial institutions in the repo market have an interest in taking in more equity as collateral due to its liquidity, availability and for the diversification factor. There is a clear trend for Equity and Fixed Income [financing](https://www.financedigest.com/how-to-finance-land.html) desks  to come closer together and work towards a more singular view of the available collateral pool. This in turn attracts new participants the latest of which is Natixis – the first of many new participants we are looking forward to welcoming aboard.”

Ian Beattie, Head of Client Development on the Equity Finance desk at Natixis comments, “The STP capabilities of SIX, combined with the access to a broad range of counterparties makes the platform an attractive [financing](https://www.financedigest.com/how-to-finance-land.html) tool. Easy to use, it can cater for large volumes of transactions and is particularly supportive for equity repo transactions. We are looking forward to building balances and working with counterparties on CO:RE [trading](https://www.financedigest.com/adrian-reid-how-he-beat-the-odds-crafted-a-legacy-with-enlightenment-stock-trading.html) platform.”

Thomas Roth, Head Cash & Collateral Management at Bank Vontobel AG: “Having as many products as possible on a standardized platform like SIX Repo’s CO:RE [trading](https://www.financedigest.com/adrian-reid-how-he-beat-the-odds-crafted-a-legacy-with-enlightenment-stock-trading.html) platform provides participants with the necessary flexibility to cover their needs and supports increasing volumes to fulfill the [financing](https://www.financedigest.com/how-to-finance-land.html) requirements within different asset classes.”


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