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The Federal Finance Administration (FFA) has decided, in consultation with the Swiss National Bank (SNB), to shorten the auction window for Swiss Confederation bonds. Auctions will now take place from 9:30 a.m. to 11 a.m. The subscription period will thus end one hour earlier. The new rule will be introduced with the issue scheduled for 13 July 2011. As previously, the auctions will be conducted via the Eurex Zurich Ltd electronic trading platform.
The auction window for money market debt register claims remains unchanged at 9:30 a.m. to 11 a.m.