EUR/CHF foreign exchange swap

The SNB has entered into a temporary swap arrangement with the ECB, NBP (Polish central bank) and MNB (Hungarian central bank) through which the latter three can access Swiss franc liquidity to provide Swiss franc funding to banks in their jurisdiction. Since conditions on the Swiss franc money market have improved and the demand for EUR/CHF foreign exchange swaps has fallen accordingly, this measure has been discontinued with effect from 25 January 2010.

Instruction sheet