Test operations

The Swiss National Bank (SNB) plans to test its open market operations (repo transactions and SNB Bills) in the productive environment of the trading platform from early April 2018. It also offers the parties involved the opportunity to participate in the backup procedure for the issuance of SNB Bills in the event of a failure of the electronic trading platform. The aim is to make sure that the SNB, all of its counterparties and the providers of infrastructure are fully prepared for operations. All of the SNB’s trading partners are requested to take part in the various test operations (liquidity-providing repo transactions, liquidity-absorbing repo transactions, SNB Bills, backup procedure for the issuance of SNB Bills) at least once.


Overview of the SNB’s planned test operations
Modalities of liquidity-absorbing repo auctions