Test operations

The Swiss National Bank (SNB) tested its open market operations (liquidity-providing repo transactions, liquidity-absorbing repo transactions and SNB Bills) between April and June 2019 in the productive environment of SIX Repo Ltd’s trading platform. The aim of the tests was to ensure operational readiness at the SNB, as well as at its counterparties and the infrastructure providers. All of the SNB’s counterparties were requested to take part in each of the various test operations at least once.


Currently, no further test operations are planned. However, the liquidity-shortage financing facility can be tested at any time at the request of a counterparty.