Synechron signs Calypso post-trade deal with SIX
The deal is part of the SFR (securities finance renewal) programme, with the objective to revamp SIX’s post-trade services where it acts as a contractual triparty agent for its clients to improve its triparty collateral management services.
This project is the first implementation where Calypso is being used to manage such triparty activities. The project is scheduled to last two years and will employ a total of 40 staff from SIX, Calypso, and Synechron.
Robert Bornträger, division CEO of SIX IT, says Synechron is a “certified Calypso partner, which gives us access to considerable expertise and concrete Calypso implementation experience”.
Project scope includes a production support team; providing SIX staff with training covering the technical and functional aspects of Calypso; and a digital services offering which gives SIX clients access to the functionalities of the SFR project through their own infrastructures.
SIX operates the infrastructure underpinning the Swiss financial sector and offers services in the fields of securities trading and settlement, financial information and payment transactions.