Participating in RIX
To participate in RIX, an institution must apply to become a participant. The Riksbank imposes specific requirements that must be met for an institution to be accepted as a participant. In the application, the institution specifies whether it is applying to obtain certification for one of the settlement services RIX-RTGS or RIX-INST or for both services. Certification includes three steps: application, training and tests.
The legal relationship between the Riksbank and the RIX participants is regulated in “Terms and Conditions for RIX and Monetary Policy Instruments” (“Terms and Conditions”). Link to the Conditions and Instructions page
A RIX participant shall pay fees to the Riksbank in accordance with the price-list applied by the Riksbank.
Who can be a RIX participant?
The following institutions can be accepted as RIX participants:
- Credit institutions
- Investment firms
- Clearing organisations
- Central securities depositories
- Central counterparties
- The Swedish National Debt Office
Definitions of the various categories of institution and other conditions that must be fulfilled before an institution can be accepted as a counterparty can be found in Conditions for RIX and Monetary Policy Instruments.