Switzerland: Custody and settlement

A special report prepared by Union Bank of Switzerland.

SWITZERLAND

A EUROMONEY SURVEY – MARCH 1996

INTRODUCTION

Stable political, economic and social conditions, a strong Swiss franc and the efficiency and know-how of the Swiss institutions have made Switzerland a top-ranking financial centre. Swiss securities are included in any significant international investment portfolio and volumes from overseas investors continue to increase. Switzerland has the third-largest equity market in Europe with a market capitalization in 1995 of over Swfr458.6 billion and a turnover of approximately Swfr374 billion for domestic equities.

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