At a Glance: SIX Sanctioned Securities Monitoring Service

SIX Sanctioned Securities Monitoring Service DataFeed provides a daily list of issuers and securities linked to the domiciles, companies and individuals.

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Basics

Content Category: Regulatory

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SIX’s Sanctioned Securities Monitoring Service (SSMS) DataFeed provides an easy-to-digest daily list of issuers and securities linked to the domiciles, companies and individuals sanctioned by the UN, EU, US OFAC, United Kingdom, Australia, Canada, Switzerland and the Hong Kong Sanctions Regime. The list eliminates the need to source, scrub and map data while minimizing the risk of large fines and reputational damage, all supported by award-winning reference data. As the global landscape evolves, SIX continues to innovate its SSMS offering to ensure that market participants can adjust seamlessly to new rules, reduce costs and focus on value-add business activities.

In addition to providing a comprehensive list of sanctioned issuers and instruments, SSMS includes valuable context, including the specific sanction directive applicable to instrument and a textual description as to why the instrument appears on the list. This adds clarity to the relationships between sanctioned entities and related securities, along with how granular rules are applied and may change in the future. This DataFeed brings transparency to global sanction regimes’ regulations and includes the necessary information to leverage it as a standalone product or connect it to other feeds, saving time and resources for compliance teams.

Data Overview

Asset Class: Public and Private Companies.

Data Frequency: Daily

Delivery Frequency: Daily

History: Data is overwritten nightly to provide a current-only record of sanctioned securities and entities.

AAG Six Sanctions

Data Methodology

SIX leverages SIX Reference data and the SIX Corporate Actions database, along with Bureau van Dijk ownership structures and Regulator feeds, to collect sanctions lists and identify sanctioned securities. Automated processes are used to match and validate regulators’ sanctions lists against domicile, entity and beneficial ownership data to compile the list of in-scope and ‘at-risk’ securities. Instruments then undergo additional validation by the SIX Sanctions team.

Use Cases

Compliance

Avoid significant fines by leveraging SIX’s comprehensive instrument-level list of sanctioned securities to maintain a ‘do-not-trade, hold or service’ list.

  • Identify securities that have been sanctioned prior to trading or after purchase, while navigating the rapidly changing regulatory environment.
  • Simplify this process using the SIX SSMS DataFeed, which captures the “50 percent rule” that applies sanctions to securities with over 50% ownership by a sanctioned entity. This eliminates the need to perform ownership due-diligence to determine which securities are affected by the “50 percent rule”.

Supply Chain Risks

Anticipate changes to ownership, supply chains, commodity markets and company performance using daily instrument and entity-level sanctions lists.

  • Economic sanctions impact supply chains that rely upon materials sourced from companies that are owned or controlled by sanctioned individuals or entities. Leverage the instrument-level sanctions lists provided by SIX to isolate the sanctioned securities and entities that may impact supply chains of their customers, partners or suppliers.

The details provided above are as of October 2019.

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