Issuance remained skewed towards yield enhancement structures.
An estimated CHF9.1 billion (US$11.6 billion) was collected from 37,754 products that struck in Switzerland during September 2025 , according to SRP data. This was an increase of 47% year-on-year (YoY) compared to CHF6.2 billion in September 2024. However, on a month-on-month (MoM) basis, sales in September were down 17% from CHF11 billion in August 2025. Switzerland: issuance and sales volumes by month Source: SRP The issuance remained skewed toward yield enhancement products, which