The Swiss Securities Post-Trade Council (swissSPTC) has set out its recommendations for Switzerland and Liechtenstein to move to a T+1 settlement cycle in October 2027. SIX, as the region’s central financial market infrastructure, is part of the dedicated task force and will adapt its systems accordingly, they announce in a press release.
The transition, planned in coordination with the EU and UK, would align the Swiss and Liechtenstein markets with the European migration date of 11 October 2027. It follows North America’s move to T+1 in 2024 and reflects the global push for shorter settlement cycles to reduce risk and improve efficiency.
The swissSPTC recommendations build on analysis conducted in 2025 with more than 20 market participants, ranging from trading and clearing infrastructures to banks, issuers, and associations.
Regulators and supervisors were kept in the loop. The work has been split into six areas: operational processes, international alignment, liquidity management, legal and regulatory factors, lessons from North America, and stakeholder communication. The result is a roadmap that could be adjusted if market or regulatory conditions change before 2027.
Consultation
The proposal covers all transferable securities executed on Swiss trading venues and settled in SIX SIS. A market consultation runs until 10 October 2025, and swissSPTC will present its plans at a SIX-hosted event on 23 September 2025.
