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A differentiation is made between the terms "listing" and "admission to trading"
- the latter takes place without prior listing procedure.
The trading segment
SIX Swiss Exchange - Sponsored Segment
enables SIX Swiss Exchange participants (in this context, "sponsoring securities dealers") to initiate trading in
equity securities of domestic or foreign issuers that have a primary listing on an exchange recognised
by the Regulatory Board
on the trading platform of the SIX Swiss Exchange, without having to go through the listing procedure.
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In addition, the possibility exists for bonds or derivatives to be provisionally admitted to trading
if their issuers are in the process of seeking a listing on the SIX Swiss Exchange. In this instance, the admission to
trading represents a precursor phase to the actual listing. The conditions for provisional admission to
trading are contained in Arts. 25 ff Additional Rules Bonds
and Arts. 31 ff Additional Rules Derivatives.
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An admission to trading applies also to bonds traded on the SIX Swiss Exchange in accordance with the provisions laid
down in the Rules for the Admission of International Bonds to trading.
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On the other hand, bonds of domestic or foreign issuers that have been delisted as the result of
bankruptcy or liquidation proceedings may, under certain circumstances, also remain tradeable on the SIX Swiss Exchange.
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