Switzerland: Activation of the service for physical securities for the securities held via a direct link with SIX SIS AG
Reference
Clearstream1 informs clients that effective
25 May 2026
and following the activation of the new direct link to Switzerland announced in Announcement A25064, the service for physical deposit and withdrawal will be activated for Swiss securities held with the Swiss CSD, SIX SIS AG.
The migration of the physical securities from UBS Switzerland AG to SIX SIS AG will be handled by Clearstream the week of 18 May 2026 with a transfer planned on 20 May 2026.
To facilitate the migration, it is highly recommended that clients do not initiate the settlement in those securities on the transfer date. The clients’ pending matched domestic instructions will be cancelled by Clearstream.
The completion of the migration is expected on 22 May 2026.
Physical deposit
To deposit physical certificates, Clearstream Banking S.A. (CBL) clients should first check with Clearstream if such a deposit is feasible. CBL clients are requested to send their request via email to Client Services. The email should include a copy of the certificate.
Upon confirmation from Clearstream, CBL clients will be requested to send a Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical”, containing the deposit instruction and the beneficial owner details.
CBL clients will be informed on the status of the request via email and will be provided with the delivery advice including the order reference to be used for the physical delivery of the certificate. The certificate and related delivery advice must be sent by CBL clients to:
SIX SIS AG
Baslerstrasse 100
P.O. Box
CH-4601 Olten
Switzerland
Important Note: CBL clients must mention into which Clearstream BP ID (LU 101’193) and CBL client account the certificates should be credited. If no information is mentioned on the delivery advice, the package might be returned back to the sender at the expense of the client.
Once the process is completed, the physical deposit will be reflected on the CBL client account and reported in the MT535 holding statement.
Important Note: To be accepted, the securities must be SIX SIS AG eligible and the certificates must be in negotiable form. If they are not, all documents will be returned to the sender at the expense of the client.
Dematerialisation of a physical certificate
To deliver a physical certificate for a dematerialisation, CBL clients should first check with Clearstream if the delivery is feasible. CBL clients are requested to send their request via email to Client Services. The email should include the copy of the certificate.
Upon confirmation from Clearstream, CBL clients will be requested to send:
- The physical certificate to the responsible share register or custodian bank; and
- A Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical ”, including the trade details and additionally specifying:
- “PH-RE <name, address and date of birth of final beneficiary owner>”, for Registered Shares that should remain registered in book-entry form.
Note: Registered positions will be kept blocked and are therefore not transferable. Clients should refer to the Market Link Guide further information; or - “PH-DI”, for Registered Shares that should be deregistered; or
- “PH-NO”, to keep Funds units in book-entry form.
- “PH-RE <name, address and date of birth of final beneficiary owner>”, for Registered Shares that should remain registered in book-entry form.
Once the process is completed and the certificates are destroyed by the Share Register/Custodian bank, the position will be reflected on the CBL client account and reported in the MT535 holding statement.
Important Note: For Registered Shares, the registered positions of the clients will be blocked.
Physical/book-entry withdrawal
To withdraw physical certificates, CBL clients will be requested to send a Swift MT599 free-format message or Xact Web Portal message, marked “Attn: Settlement Department – Swiss Physical ”, containing the withdrawal instruction with all relevant information (beneficial owner details, address of physical delivery, need for registration).
The client’s position will be blocked. The delivery of the physical certificate will be initiated by SIX SIS AG or responsible share register or custodian bank.
Once the process is completed, the position will be unblocked and booked out on the CBL client account. Such a position will no longer be reported in the MT535 holding statement.
Fees
A fee of CHF 125 will be charged to the CBL client per each deposit or withdrawal.
Further information
For further information, please contact Clearstream Client Services or your Relationship Manager.
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1. Clearstream refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Europe AG (for Clearstream Europe AG clients using 6-series accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
Clearstream Banking S.A. is registered as an Australian CS (Overseas) Facility, under subsection 824B(2) of the Corporations Act 2001, with registration number ARBN 675 244 783.