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Latest outstanding records
In September 2011: Record outstanding volume of EUR 164.425 bn reached in the GC Pooling Market
In September 2011: Record outstanding volume of EUR 199.069 bn reached in the EUR Repo Market
Another award for COSI®
November 2011, EFG Financial Products wins with COSI® the special prize of the jury for INNOVATION OF THE YEAR at the German Certificate Awards 2011.
The Collateral Secured Instruments, COSI ®concept received the award for strategic advancement of existing products. It's persuasive secured funding model means that COSI® investors in Germany can invest into collateralized certificates of Swiss issuers with minimal issuer default.
ZertifikateJournal Sonderausgabe: Zertifikate Awards, 24. November 2011
October 2011, introduction of COSI© products denominated in Gold
COSI® distinguished with FOW Award
December 2010, international recognition for innovative collateralization of structured products on Eurex SecLend Market
At the Derivatives World Conference in London, Eurex, SIX Swiss Exchange and SIX SIS received an FOW Award for COSI® (collateral secured instruments). These collateralized certificates protect investors against issuer default risk. The FOW Award is bestowed for the best innovation by a securities exchange in the area of product design.
FOW, The Global Derivatives Magazine, confers its awards for initiatives that vitalize the derivatives market through innovative solutions. The COSI® product is the result of interdisciplinary development collaboration between Eurex, SIX Swiss Exchange and SIX SIS and was launched in late 2009. This service has met with tremendous demand from investors as a result of the loss of trust in structured products that arose during the financial crisis.
Within the space of a single year, more than 700 COSI products with a collective value of CHF 1.7 billion have already been issued. The FOW Award is now the second distinction for COSI®: In spring 2010, this innovative service won the "Special Award" as part of the "Swiss Derivative Awards".
(source; news article SIX group)
April 2010, COSI® service wins Swiss Derivative Award 2010
For its innovative and globally unique COSI® service, SIX Swiss Exchange has received the coveted "Special Award" of the Swiss Derivative Awards 2010.
COSI® is an acronym for collateralisation of structured products known as Collateral Secured Instruments and is provided through the Eurex SecLend market infrastructure to market participants. COSI® has been jointly developed by Eurex, SIX Swiss Exchange and SIX SIS. It minimizes issuer-related default risks and thereby affords a higher degree of investor protection.
The annual Swiss Derivative Awards recognize outstanding and innovative products and exceptional services in the Swiss market for structured products. The jury consists of a number of proven independent experts from the finance industry and the world of academia who identify the best products and services based on an extensive catalogue of criteria.
Article in STOCKS, Swiss Investors Magazine, No. 8, April 16-29 2010.
For more information about our COSI® service please click here.
